Brian Cowen (Laois-Offaly, Fianna Fail)

The figures mentioned by Deputy Kenny are broadly correct. The first issue is to realise the value set out in respect of the assets, buildings and properties brought forward by the congregations for submission to the State. They were valued at €348.51 million but more detailed work and discussion with the congregations is necessary on the detail of their property offers, assuming these contributions are fully realised. The collective contributions to date from the congregations, when account is taken of the original €128 million contribution under the indemnity agreement, will amount to €476.51 million. Taking €1.36 billion as the total cost, 50% of that is €680 million and this leaves just over €200 million to be provided. We are considering doing that over the longer term. We need to deal with what is before us. We must engage with them as to the further contribution they can make because the objective of 50:50 is a fair distribution of the costs.

From the outset the congregations have not stuck to the €128 million in the indemnity agreement. They have come forward and indicated a willingness to work constructively with the Government on these matters. They have brought forward further significant contributions based on valuations they have given us to that amount. We recognise that as being a substantial contribution but we believe the 50:50 split based on the total cost at the moment will require a further contribution in due course over the longer term. We are engaging with them on this matter.

We announced a proposal to use the cash element of the current offer of contributions for a trust fund. We can arrange for the transfer of other aspects in due course as part of a process.

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