Oireachtas Joint and Select Committees
Wednesday, 19 June 2024
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Public Private Partnerships: Discussion
1:30 pm
Rose Conway-Walsh (Mayo, Sinn Fein)
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You can understand already how obscure it can seem to people when they are trying to find out whether the money is being used for the right thing.
The expert group review from 2018 said that PPP financing was more expensive than State financing. They argued that PPP was suitable for countercyclical investment when it is difficult or expensive for the Government to borrow. Since 2020, we have not been in that situation anyway. Why has the Government then expanded the use of PPP contracts into areas like higher education and housing? What is the rationale for that?