Oireachtas Joint and Select Committees
Tuesday, 3 July 2018
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Role and Operation of National Development Finance Agency: Discussion
1:30 pm
Mr. Paul O'Neill:
The general rule of thumb is that the unitary payment for a capital project is roughly €10 million for every €100 million. In this case, the project is worth almost €100 million but the unitary payment is not €10 million, it is actually lower. It depends on what funding rates were secured at the time. For this project, the annual unitary charge is approximately €8 million. Of that, roughly one third relates to the ongoing facilities management and life-cycle expenditure.