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
11:00 am
Ms Geraldine Tallon:
The court award effectively has been transferred to NAMA - the equivalent of the discount, the interest for a ten-month period and the special damages that the court awarded. The court judgment breaks down into three figures in the course of the judgment: the €31.243 million; €0.782 million in interest for ten months; and special damages awarded to the developer, which related to project design costs, of roughly €0.5 million.