Oireachtas Joint and Select Committees

Tuesday, 29 November 2022

Joint Oireachtas Committee on Transport, Tourism and Sport

Motorway Toll Charges: Transport Infrastructure Ireland

Mr. Cathal Masterson:

The dates of the board meetings I heard today were around 15 December or 16 December, after which we could have that approval through from the other side. We have instructed our legal advisers to work on this and develop that agreement today so that is also progress. I do not want to underplay or downplay the lenders' perspective on this. It is our understanding that they should view this favourably. The issue is the time it can take for lenders to engage on something like this so, to be fair to PPP companies, that is not something they or we control but they are going to reach out very quickly on foot of the discussions today to seek to get those discussions started.

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