Oireachtas Joint and Select Committees
Wednesday, 5 November 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Overview of Banking Sector: Bank of Ireland
4:45 pm
Mr. Richie Boucher:
On the public private partnerships we have been involved in, there is the N7 project and some schools financing, where we finance the constructor in partnership and then we do a long-term term-out loan for the operation of the thing. There is an equity participation. With the constructor or contractor, we take an element of the construction risk - that it can be completed - and we take the trading or take-on risk.