Oireachtas Joint and Select Committees

Thursday, 3 February 2022

Public Accounts Committee

Transport Infrastructure Ireland: Financial Statements 2020

9:30 am

Mr. Cathal Masterson:

To set this in context, these variable operating payments are linked to those traffic guarantee mechanisms and the two contracts Mr. Walsh mentioned. In 2019, the value that was payable on those schemes was €3.9 million excluding VAT, while in 2020, it moved from €3.9 million to €13.2 million excluding VAT. That was, obviously, linked to the decline in traffic during the pandemic. In 2021, although we have not finalised the accounts, we expect the figure to be in the region of €10.4 million, which would reflect some recovery in the traffic in 2021 versus 2020. There is-----