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

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12:30 pm

Mr. Brian Murphy:

I would add that normally they will also require or expect the main contractor to take equity in the special purchase company, SPV. As Mr. Burgess said, the balance sheets of many of the construction companies show that those companies do not have the capacity to invest.

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