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:

This financial model was always envisaged and it is typical of any infrastructure project of this scale, or even of a smaller scale. I will let Mr. Kelly give some more details on the interest and how applicable it is to other projects. Effectively, because it is a standard shareholder investment the capital here is at risk and the shareholders only get a return upon success of the project, that is, when the network is ultimately built, customers are on it and it is generating revenue. There is no time limit on the shareholder equity or shareholder loans so there is no risk-----

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