Oireachtas Joint and Select Committees
Monday, 16 May 2022
Joint Oireachtas Committee on Health
New National Maternity Hospital: Discussion (Resumed)
Martin Conway (Fine Gael) | Oireachtas source
That is okay. Deputy Shortall has spoken to Mr. Menton about the debt. He put up a vigorous defence of it. I would describe it as perilous. We are speaking about €452 million of debt and there are €200 million in assets. Through no fault of Mr. Menton, as a result of Covid the situation is deteriorating and the 2021 accounts will make very interesting reading with regard to the deterioration. I put it to Mr. Menton that the lenders and bankers had a view as to whether the site should have been gifted to the State. There was engagement between St. Vincent's and its bankers, lenders and the people it depends on for solvency as to whether the site would be gifted. Am I correct?
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