Oireachtas Joint and Select Committees

Thursday, 27 January 2022

Joint Oireachtas Committee on Transport, Tourism and Sport

National Broadband Plan Update: National Broadband Ireland

Photo of Ruairi Ó MurchúRuairi Ó Murchú (Louth, Sinn Fein) | Oireachtas source

I thank the NBI team. I suppose we must start with the stuff that is in the public domain. I accept that the answer is that nothing has changed in relation to the contract. I do not want to spend a great deal of time on that issue. I ask for one of the witnesses to give me a quick synopsis on the structure. Obviously, there is a fear that there is a huge amount of debt equity rather than cash upfront equity. The fear was, even with the early release of the performance bond and other such things, that that was a cash flow problem. The worry is whether NBI is fit for purpose financially to do the business that needs to be done. I ask for a quick answer to be given because I want to get into the difficulties in the roll-out as soon as possible.

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