Oireachtas Joint and Select Committees
Thursday, 24 January 2013
Public Accounts Committee
National Transport Authority - Financial Statement 2011
12:10 pm
Mr. Gerry Murphy:
Obviously, the projections were wrong and the basis on which the contracts were entered into. All those contracts were entered into before our time. We ended up paying out some residual payments in each of the years since we have been established as the delivery and the final payments for those rail cars.