Oireachtas Joint and Select Committees

Thursday, 3 February 2022

Public Accounts Committee

Transport Infrastructure Ireland: Financial Statements 2020

9:30 am

Mr. Cathal Masterson:

Just to say on the condition, it will come back in good condition. That is a provision of the contract. There are requirements around the residual life. We will pull the other numbers for the Chairman and will summarise that. It is no problem at all. The asset comes back in top quality condition to the TII, and that is monitored by us all the way through. If any remedial works are required, they are funded by the PPP company in the years probably from five years out before the end of the term of the contract.

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