Oireachtas Joint and Select Committees

Thursday, 22 September 2022

Public Accounts Committee

2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 33 - Tourism, Culture, Arts, Gaeltacht, Sport and Media
Horse Racing Ireland: Financial Statements 2020

9:30 am

Ms Suzanne Eade:

To be honest, when I look back on the process, what we were doing was carrying out a post-appraisal of the project and the development. HRI had an evaluation team looking at the project and the development costs. HRI also put in a sub-committee of the board to evaluate the performance of the development. We could see that the project was costing more and having worked through the development, that there were losses accruing. It would have been through the sub-committee and the chair of HRI that we went out and said we felt that more funding was required. We would have instigated it to get funding from all the other parties so we drove the funding.

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