Oireachtas Joint and Select Committees

Wednesday, 19 April 2023

Joint Oireachtas Committee on Transport, Tourism and Sport

Shannon Foynes Port Company: Chairperson Designate (Resumed)

Photo of Gerry HorkanGerry Horkan (Fianna Fail) | Oireachtas source

Would Mr. McGarry be fairly confident that the revenue that can be charged per transaction or per movement will suffice? Obviously, with a turnover of €16 million and profits of around €8 million, the port is a long way off repaying an investment of €500 million. I am not doubting Mr. McGarry in any way. I am just saying that it is an enormous scaling up based on current turnover, in terms of the kind of turnover needed to justify that level of investment.

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