Oireachtas Joint and Select Committees
Wednesday, 28 June 2023
Joint Oireachtas Committee on Transport, Tourism and Sport
Toll Increases and Ongoing Projects: Discussion with Transport Infrastructure Ireland
Mr. Peter Walsh:
We should also say that there are other availability PPPs such as that one and three others where it is effectively a mortgage. The State says, "You build it". A couple of elements of the contract are very helpful for the State. One is that the risk of construction is completely transferred. That might not sound like much but it is a significant thing. What we are paying for is the finished road available to the public and if it is not available then we are not paying for it.
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