Oireachtas Joint and Select Committees

Wednesday, 22 January 2014

Joint Oireachtas Committee on Environment, Culture and the Gaeltacht

Proposed Incinerator at Poolbeg: Dublin City Council

3:25 pm

Mr. Owen Keegan:

We share some of the risk. We also share the revenue. That is the structure of the contract, but it will have to be considered by the National Development Finance Agency which will have to determine, in accordance with the standard PPP process, whether it represents value for money and only if it deems it to represent value for money, with the revised project agreement, will we be in a position to proceed. There is an independent validation of whether it represents value for money and it will have to take account of the risks, etc. and the structure of the project agreement.