Oireachtas Joint and Select Committees
Tuesday, 10 June 2014
Joint Oireachtas Committee on Environment, Culture and the Gaeltacht
General Scheme of Dublin Docklands Development Authority (Dissolution) Bill 2014: Discussion
3:55 pm
Mr. Paul Dunne:
The provisions within the Bill in the event of a surplus allow the Minister by order to dispose of it to a body or organisation. The DDDA is currently engaged in an asset disposal programme whereby it is selling assets to pay off liabilities. The programme is progressing satisfactorily, although it is not possible to say at this stage whether any surplus will be available for community dividend or community gain when all liabilities, including pensions, are taken into account. My understanding is there will be a surplus of liquid assets of between €4.5 million and €5 million.