Oireachtas Joint and Select Committees

Thursday, 3 February 2022

Public Accounts Committee

Transport Infrastructure Ireland: Financial Statements 2020

9:30 am

Mr. Cathal Masterson:

That is correct. In that case, where the PPP company believes it can access a better value funding package for the remaining term of the contract, it may seek to do that. As the contracting party, we are entitled to a share of any of the benefit it gets from that, what might simply be called a remortgage. That is a provision within all the contracts.

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