Oireachtas Joint and Select Committees

Thursday, 7 February 2013

Public Accounts Committee

2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 32 - Department of Transport, Tourism and Sport
Chapter 6 - Financial Commitments Under Public Private Partnerships
Chapter 26 - Collection of Motor Taxation
Financial Statements 2011 - National Roads Authority

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12:50 pm

Mr. Tom O'Mahony:

My interpretation is that the company is getting its costs back plus the €16.7 million for the costs it incurs in managing the scheme. Therefore, if CIE can manage the scheme within the €16.7 million, it will make a profit and, if not, it will not make a profit.

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