Oireachtas Joint and Select Committees
Thursday, 12 October 2017
Public Accounts Committee
Transport Infrastructure Ireland: Financial Statements 2016
9:00 am
Mr. Seamus McCarthy:
I think there is another consideration. At the beginning Mr. Kennedy mentioned that one had to make a cost-benefit analysis of a project. It has to be worth building in the first place. If there was to be a very serious shortfall in traffic levels, it could overturn the economics in undertaking the project. I do not think it is right to just dismiss it as the private sector partner has lost out as there may be a loss to the State also.