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

Photo of Brian StanleyBrian Stanley (Laois-Offaly, Sinn Fein) | Oireachtas source

There have been two different plans in terms of the roll-out schedule. Another remedial plan is coming. Covid-19 was the reason given. I understand, as will committee members, that that would cause some disruption in the real world. Telecommunications is one of the areas that continued right throughout that period. It was exempt. That is the first thing I will say to Mr. Hendrick. The next is that the third plan was 115,000 in year one. Then its status was revised downwards to 60,000. We await plan No. 3.

From what I have seen with regard to milestones, targets and penalties, I imagine the investors are very happy. They must be rubbing their hands together. Very few investors would be able to find a project as lucrative as this underwritten by a state whose finances are reasonably healthy.

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