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. Gerard Cahillane:

Let me clarify the point. In any assessment of the value for money, one must assess the value for money versus what is tendered to the market so that there is a like for like comparison. When one is preparing a benchmark for any project, one must ensure that it is only what is tendered to the market, what the market will provide - the services, the construction and delivery that it will provide will be incorporated into the test. If there are enabling works in any particular projects, such as land purchase or any such items, they are not part of that particular test, that is a matter for the State of look after itself.