Oireachtas Joint and Select Committees

Thursday, 10 October 2024

Public Accounts Committee

Financial Statements 2023: Land Development Agency

9:30 am

Mr. John Coleman:

The Deputy is correct on the interest rate point. Sometimes the borrowing does not help when it is in excess of the level of return we would make, which would be very small. The intention would be to establish a borrowing track record. We are in discussions with the European Investment Bank about funding cost-rental schemes, which it is very interested in doing. We hope to advance those discussions in 2025.