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

Mr. Eoin Dorgan:

That review also drew out some of the benefits. There can be benefits in terms of bringing in some private sector expertise and innovation, which can yield benefits for projects. We can see that certain sectors are probably more conducive to that. It also maintains that broader range of delivery mechanisms. When the State can be physically constrained, it is very difficult to go back at that point to try and open up a PPP market. We look to have multiple ways of financing and developing key pieces of State infrastructure. The review group also pointed to those as well and would have drawn out some of the elements showing that although PPPs can appear more expensive a lot of them take account of the financing costs over the long term and the maintenance costs that would not be reflected in the traditionally procured projects.