Oireachtas Joint and Select Committees

Wednesday, 6 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Kieran O'DonnellKieran O'Donnell (Limerick City, Fine Gael)
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In terms of value, right ... what we were told it was €5.4 million there was €13.1 billion relating to land and development ... €5.4 billion to land bank. The land bank can be analysed as follows: €0.4 billion, unzoned lands, €2.8 billion, zoned lands with no planning permission ... so that's taken from Project Altas. The question I suppose I am asking very quickly is: how could you give out €3.2 billion of money ... in at the end ... it was in place at the end of '08, without planning?