Oireachtas Joint and Select Committees

Thursday, 18 May 2023

Public Accounts Committee

Financial Statements 2021: University of Limerick

9:30 am

Photo of John BradyJohn Brady (Wicklow, Sinn Fein) | Oireachtas source

I am trying to show everything that has been established, including the failure to have due diligence and proper governance, has cost extraordinary amounts of money to the taxpayer. The witnesses have not been able to put a figure on it. I hope they will come back before the committee. A site still has not been developed. UL is still working on a master plan. The cost is over €8 million. A site ten minutes’ walk away of a similar size could be purchased by UL now for €375,000. That speaks volumes about the waste of money and the lack of oversight or proper governance. We are trying to establish how much money has been wasted. The witnesses have been unable to put a figure on it. I hope I have helped to create a figure. The public will make up its own mind on what has gone on here and on the complete waste of taxpayers' money.

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