Bobby Aylward (Carlow-Kilkenny, Fianna Fail)
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The PAC was told the last day that UCC paid exactly €20 million for the IMI. The IMI needed €21.8 million. Therefore, there was a difference of €1.8 million. I have a breakdown here. There is €8.1 million to AIB, €13.3 million to set its contractual commitment to defined benefit of pensions, and €400,000 to pay the pension trustees. What specific campus upgrading works required €1.8 million in order to begin with work in autumn 2016? Has work started, been tendered or agreed? If so, when did this happen? I will ask the three questions again. How was the €1.8 million figure for the campus upgrade arrived at and when was it agreed? How did the IMI have access to €1.8 million when UCC repeatedly told the PAC that it required money for working capital?