Oireachtas Joint and Select Committees

Thursday, 3 February 2022

Public Accounts Committee

Transport Infrastructure Ireland: Financial Statements 2020

9:30 am

Mr. Peter Walsh:

We have had refinancing of projects and we have had benefit to the State in that regard. We have had other ones where there has been refinancing because the PPP company has had significant losses and has had to refinance, in which case there is no benefit but it does restructure. Generally, we will not resist that. We have to facilitate it if it is regarded as reasonable. We did regard it as reasonable and we did facilitate it.

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