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
James O'Connor (Cork East, Fianna Fail) | Oireachtas source
That is interesting. I thank Mr. Hendrick. A very good investigation was carried out into the NBI deal by The Currency. I give the people there credit for the work they have done. One of the issues they raised is that when this was originally proposed, approximately €220 million was promised in equity to NBI by shareholders, which, I think, has turned into about €100 million in debt. Why were the original promises by investors not honoured? Can Mr. Hendrick give the committee any details on that matter?
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