Oireachtas Joint and Select Committees

Thursday, 12 February 2015

Public Accounts Committee

2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
IDA Ireland - Financial Statement 2013
Enterprise Ireland - Financial Statement 2013

10:00 am

Mr. Martin Shanahan:

The Deputy raises important points. I will comment on the regional approach in a moment but will refer first to the land bank and Shannon Development. As I said earlier in response to Deputy Deasy, we work with landowners and property owners in the public and private sector.

I have met with Shannon Development twice in the past three weeks. I am saying this to reassure the Deputy that we have a very good working relationship with it. A significant portion of those meetings would have been given over to a discussion of property. It obviously now has a commercial remit and we fully understand that but it also has a requirement to market its lands and to develop them for commercial purposes. Given that it holds that land bank-----