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. Peter Hendrick:

With projects of this scale, or typically any project, it can vary between shareholder equity and loans. The shareholders, particularly anybody in the US today, who are not getting any return on those loans - and it is at risk - have to pay taxes on those even though they have not got any money out of the business. It is just a structure and the way it is typically set up for public private partnership, PPP, type projects.

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