Oireachtas Joint and Select Committees
Thursday, 21 September 2023
Public Accounts Committee
Business of Committee
9:30 am
Catherine Murphy (Kildare North, Social Democrats)
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When looking at this, we should not look exclusively at the direct builds. We have to look at them, but also at the acquisitions and how they are acquired, and the long leases, and break them down into segments to see the totality. It is also useful to look at the acquisition cost and the project longer-term costs. That comes into play with this. In regard to the long-term cost, leasing something over 25 years without an asset at the end means there is still an obligation to house the person if it is not a repeat lease.