Oireachtas Joint and Select Committees
Tuesday, 29 November 2022
Joint Oireachtas Committee on Transport, Tourism and Sport
Motorway Toll Charges: Transport Infrastructure Ireland
Mr. Peter Walsh:
No, we do not. I am glad the Chairman gave us the opportunity to clarify that.
Some of the contracts entered into are 35 years in duration. One cannot expect someone to enter into a contract without indexation over that period. Indexation is a fundamental part of the contract. It has been there from 2003, 2004 and 2005, when those contracts started. The notion that we would renege on it or try to go back and renegotiate was never in question. We hold people to their contract conditions and we expect to be held to them in return.
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