Oireachtas Joint and Select Committees

Thursday, 3 February 2022

Public Accounts Committee

Transport Infrastructure Ireland: Financial Statements 2020

9:30 am

Mr. Cathal Masterson:

I do not think it would be an attractive term in any of our contracts if we were to put that out from the start, going back to the early 2000s. The counterparties would not be keen for the contracting authority to have that type of power or mechanism. If we were to try to insist on something like that, we would find they would price that into their proposals back to us. I do not think, from our experience anyway, that that would have worked very well in our favour.

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