Oireachtas Joint and Select Committees

Thursday, 12 May 2022

Public Accounts Committee

2020 Report of the Comptroller and Auditor General and Appropriation Accounts
University of Limerick Financial Report 2020

9:30 am

Photo of Cormac DevlinCormac Devlin (Dún Laoghaire, Fianna Fail)
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I share the Chair's frustration. I am very pleased to hear the willingness of Professor Mey and the chancellor to publish the report. It is certainly some comfort to the committee. They can appreciate our insistence that we see it. When it is published, I imagine that we will be inviting them back to discuss it in more detail. I hope it is not a barrier to our discussion this morning.

There is a lot to discuss and I have a limited amount of time. I welcome our witnesses. The big thing I would like to discuss at the outset is the city centre campus. Primarily I would like to afford time to the witnesses to take us through from April 2019 until today. I heard them speak about the investment in the site and their excitement for the university about this site. This cannot overlook the enormous cost of the site and the increased cost of the site from €3 million originally when it was valued by Limerick City and County Council to what was paid for it at more than €8 million. Will the witnesses take us through the reason for the increase in costs?