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
Mr. Ciarán Ó hÓbáin:
The gap subsidy is on the basis of a gap-funded model. That €2.6 billion is an element of the overall revenue that the company will require over a 25-year period, and that has been modelled. The rest of the revenue for that will basically come from commercial revenues when this is operating.
The Chairman referred to a 30% take-up, which is fantastic at this stage in terms of the build programme for something that has been in place for a few months. The expectation is the take-up will be significantly in advance of that.
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