Oireachtas Joint and Select Committees

Wednesday, 7 May 2014

Joint Oireachtas Committee on Transport and Communications

School Transport Scheme: Bus Éireann

3:15 pm

Ms Andrea Keane:

As I have said, the risk reserve is €6 million at the moment. Bus Éireann and the Department of Education and Skills feel it is prudent to have a level of risk reserve for charges that can come up. If there is a pressing need for capital investment, it might be considered that the risk reserve should be reduced to €4 million, for example, and an additional €2 million should be spent. We have agreed in our discussions with the Department of Education and Skills that there is a level below which it would not be prudent to allow the risk reserve to drop. Charges associated with the scheme, outside of capital investment, have arisen from time to time and have been applied from the risk reserve.