Oireachtas Joint and Select Committees

Thursday, 27 January 2022

Joint Oireachtas Committee on Transport, Tourism and Sport

National Broadband Plan Update: National Broadband Ireland

Mr. Barry Kelly:

I am happy to explain. As the Senator stated, €120 million of shareholders' funds have gone in to date. On 9 January 2020, €100 million went in, and a further €20 million went in during December 2021. That is €120 million of the €223 million total committed funds from the investors. From the perspective of the investors and from an infrastructure funding perspective, there is very little difference between investing funds as equity or as a shareholder loan. Both forms of investment are unsecured. It is not like going to a bank and getting a debt over which the bank takes security and if the debt is not repaid, the bank will take-----

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