Oireachtas Joint and Select Committees

Thursday, 12 October 2017

Public Accounts Committee

Transport Infrastructure Ireland: Financial Statements 2016

9:00 am

Mr. Michael Nolan:

At the time of the EIS. It is part of the EIS, which goes to An Bord Pleanála. That is one of the various contributions that are available at that time. The public sector cost comparator, which builds on the cost-benefit analysis, is conducted at various points during the procurement stage of a PPP. That must demonstrate at all stages continuing value for money as we progress through to financial close. Rolling on from that, when a scheme comes into operation, two to five years afterwards, we do the post-project review and we are happy to publish those findings in the next short period.