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.