Oireachtas Joint and Select Committees
Thursday, 13 December 2012
Public Accounts Committee
2010 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Financial Commitments under Public Private Partnerships
2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Financial Commitments under Public Private Partnerships
National Development Finance Agency Financial Statements 2011
12:10 pm
Mr. Brian Murphy:
The value for money test that NDFA does is that it compares the bid with the benchmark. Things have changed since. We then said the value for money letter cannot be valid, we must do a new one based on the final commercial terms, the final financial model versus a revised benchmark.