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
I reiterate the point that we have a very short period of time so could the witnesses make their replies as concise as possible? We were told this morning that some of the original investors' early stage investors who helped turn NBI from an idea into a reality at a point where there was a degree of unquantifiable risk in the project will be replaced with investors who specialise in long-term investments. Most of us understood that the majority of these investors were in it for the long haul, but we can see some of the investors are using loans that are relatively short term at very high interest rates. Who out of the people who formally invested in the project to begin with have dropped out? Has a large investor dropped out?
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