David Cullinane (Waterford, Sinn Fein) | Oireachtas source

I want to deal with the funding side. I am aware that some of this was dealt with earlier, but I want to circle back on some of the issues that were raised. There is a huge number of outstanding claims. BAM has placed a value of about €800 million or whatever on these. That has been disputed by the Minister, the State and, obviously, the board. Where we have total agreement is that we all want to make sure we limit any additional exposure to the taxpayer. If I am right, there seems to be a strategy - as it was put - that the total cost is €2.2 billion. In the Minister's view, the State will not be going above that. I had a discussion with the board on this matter last week when they were before the committee and discovered that it is not as simple as that. I will explain why. Am I right in stating that earlier this year or last year, the standing conciliator awarded BAM €108 million, excluding VAT, for a portion of the claims? The Minister included that in the letter he issued to his Cabinet colleagues. Is that correct?