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. Dominic Mullaney:

There are two main mechanisms. The first tranche of PPP roads involved toll collection points and payments. The later ones are simply availability payments. There are two distinct groups. We have never gone down the road of shadow tolling, so when companies get availability payments, it is essentially like repaying a mortgage. They go off, have to build the road, finance it and get paid back over-----