Oireachtas Joint and Select Committees

Thursday, 24 January 2013

Public Accounts Committee

National Transport Authority - Financial Statement 2011

12:00 pm

Photo of John McGuinnessJohn McGuinness (Carlow-Kilkenny, Fianna Fail)
Link to this: Individually | In context | Oireachtas source

Irish Rail got a subsidy of €16 million and it realised €20 million from the sale of property. It had to sell the property because it could not meet day to day expenses. In spite of realising €20 million on the property sale, it still got €16 million of taxpayers’ money as a subsidy.