Oireachtas Joint and Select Committees
Thursday, 30 January 2014
Public Accounts Committee
2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Land Swap Arrangement in the Provision of Affordable Houses
Vote 13 - Office of Public Works
10:40 am
Seán Fleming (Laois-Offaly, Fianna Fail)
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I have listened for a few minutes and nobody has referred to what I would see as a basic element of this transaction. I assumed the developer got the €31 million to pay for the cost of building the houses which the State got. Ms Tallon is telling me now that the developer got paid in full - the figure is €45 million or thereabouts - when the houses were sold. What was the other €31 million for if the developer was paid in full for the houses? The developer got the full proceeds for the houses. That has not emerged in anybody's comments today.