Oireachtas Joint and Select Committees

Thursday, 23 February 2017

Public Accounts Committee

2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 31 - Transport, Tourism and Sport

9:00 am

Mr. Graham Doyle:

The issue about the plans was that we had concerns about their commercial rationale, how they would be financed and the executability of those plans, etc. We engaged with NewERA as part of our consideration of those plans from a shareholder perspective. NewERA had the same concerns the Department had about the plans, and subsequently Bus Éireann engaged Grant Thornton to carry out a review of the business plan that existed at that point in time. Grant Thornton had broadly the same concerns that we and NewERA had.