Oireachtas Joint and Select Committees

Thursday, 6 February 2014

Public Accounts Committee

2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Dublin Docklands Development Authority
Annual Report and Financial Statements 2012

11:10 am

Mr. John Crawley:

It was an intra-State transfer. As such, we felt that there was no point in looking for value for it and that it was better for the Department to take on the project. The authority had always planned to invest in the project. As it sat on our books as a quasi-investment asset, we ascribed a value to it, but it was never the authority's intention to sell it for a profit. It was acquired to-----