Oireachtas Joint and Select Committees
Thursday, 10 February 2022
Public Accounts Committee
2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 29 - Environment, Climate and Communications
National Broadband Plan Expenditure and Related Matters
9:30 am
Catherine Murphy (Kildare North, Social Democrats) | Oireachtas source
We are still in a very low interest rate environment. The rates of return seem very high given the risks are known now and the project is under way. For example, the loans are, I understand, unsecured. Is Mr. Hendrick confident that no risks will arise? In terms of the interest accruing, Mr. Hendrick said NBI has no plans to pay it yet. It was reported recently that €11.8 million has been paid in interest. Can Mr. Hendrick confirm that that is the case?
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