Oireachtas Joint and Select Committees

Thursday, 24 January 2013

Public Accounts Committee

National Transport Authority - Financial Statement 2011

11:10 am

Mr. Gerry Murphy:

There is no break clause for the authority. We inherited a lease that goes out to 2024 with upward-only rent reviews at five year cycles. That is what we have inherited. We have tried to manage it as best we can, offload the premises, consolidate and reduce costs.