Oireachtas Joint and Select Committees

Thursday, 10 February 2022

Public Accounts Committee

2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 29 - Environment, Climate and Communications
National Broadband Plan Expenditure and Related Matters

9:30 am

Mr. Peter Hendrick:

If we de-risk the programme and NBI is successful on delivering on Government policy, and we keep the cost down, deliver value for money and the return is 12% or greater to the shareholders, there is a clawback for the Minister. The Minister shares in that gain. That is all about the assessment of risk at the time. In other infrastructure projects, there may or may not be risk and the apportion of who is taking the risk is taken into account at the time.