Oireachtas Joint and Select Committees
Thursday, 9 October 2014
Public Accounts Committee
2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
2013 Annual Accounts of Údarás na Gaeltachta
11:15 am
Mr. Séamus Mac Eochaidh:
It is not one single payment. That the sale is structured is part of the deal. The difficulty we have is that we are doing a commercial transaction in a sensitive commercial area and others operate in the area. The purchaser wishes that the information is not in the public domain from a commercially sensitive point of view. The difficulty we have is that the taxpayer owns the asset and, quite rightly, the Chairman says it should be in the public domain. The payment is phased over a period.