Brian Stanley (Laois-Offaly, Sinn Fein) | Oireachtas source

On costs and the PPPs, those first two bundles are coming in at €633,000 per unit. Some of those would be one-, two- and three-bedroom units. They would be small units. That is an absolutely astronomical sum. I know Mr. Doyle will say it is for the full lifespan over 25 years and that there is maintenance. However, from what I have seen, and I have checked, the maintenance in the local authorities works out at between one fifth and one eighth of what comes in in rent. That means the rent more than covers it. The rent is normally five to eight times higher than the actual maintenance costs for the local authority. I am puzzled as to where this figure of €633,000 per unit came from. I checked again yesterday to see the cost for local authorities. The all-in costs - it goes back to Deputy Verona Murphy's point - with site costs, architects fees and all of the other expenses - come to €250,000, or €290,000 for good-sized local authority housing. This figure is two and a half times that. Why is that?