Oireachtas Joint and Select Committees

Wednesday, 29 June 2022

Joint Oireachtas Committee on Transport, Tourism and Sport

National Broadband Plan Update: National Broadband Ireland

Mr. Peter Hendrick:

From an equity perspective, we have drawn €120 million in equity so far. There is another €103 million of committed equity to the programme. The project is running at pace and we are well funded and financed to deliver it. We are delivering on our milestones to achieve subsidy claims and our take-up in revenue with the 56 operators that are engaged on the project is very positive from a take-up and demand perspective.

As regards the build, Mr. Malone referred to the number of contractors we have had on the project. We are now focused on ensuring the build programme is as efficient as possible in terms of where contractors are working so that we do not drive costs in the context of the build programme.

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