Oireachtas Joint and Select Committees

Thursday, 1 October 2015

Public Accounts Committee

National Asset Management Agency: Financial Statements 2014 (Resumed)

10:00 am

Mr. Brendan McDonagh:

The receiver must work with all the other parties involved to find a solution to this very difficult problem. We have allocated over €100 million of NAMA's funds to fix fire and other issues in assets we acquired from debtors when problems became known. The receiver, in our view, would take a positive part in working with Dublin City Council, the owners and Dublin Docklands Development Authority to try to find an amicable solution.