Oireachtas Joint and Select Committees

Thursday, 12 October 2017

Public Accounts Committee

Transport Infrastructure Ireland: Financial Statements 2016

9:00 am

Mr. Michael Nolan:

As Mr. Kennedy mentioned, during the development of the PPP scheme and during procurement, we use the public sector cost comparator at various stages to make sure we are getting value for money at each stage. We do not do this in isolation; we do this in consultation with the NDFA. The public sector cost comparator has to be signed off before we go to financial close on projects.

We conduct post-project reviews. They all have to demonstrate we are getting value for money, as initially set out, and we have no problem publishing even before-----