Eoin Ó Broin (Dublin Mid West, Sinn Fein)

It sounds like the agency has yet to be told by Government where that €3.25 billion is going to come from. I fully understand that not all the €3.75 billion that has been committed to date has been drawn down but that will be the case at some point or it would not have been committed to. Has Mr. Coleman had any sight of the work of that working group? Has he seen the report? Where is that €3.25 billion to come from? It is my understanding that the LDA is reluctant to borrow because the high cost of borrowing impacts on rents. With regard to the €3.25 billion that has yet to be clarified, does Mr. Coleman have any understanding of when that is likely to come and from where? With respect to borrowing, does he have a sense of how much the LDA might seek to borrow on the markets in the next 12 months?

On the Minister's announcement, we were expecting to hear about two issues. We expected to hear about some move on corporation tax but there was no clarity on that. The LDA's tenants should not be paying corporation tax but they are. We also expected to hear about enhanced CPO powers. Will Mr. Coleman give us an indication of his understanding of Government's thinking? Is it likely to remove the obligation of the agency's tenants to pay 25% corporation tax? Is there any indication that the LDA might get comprehensive compulsory purchase order powers?