Phil Hogan (Carlow-Kilkenny, Fine Gael) | Oireachtas source

Any work carried out under the scheme will be certified by the Pyrite Remediation Board to ensure it meets the highest possible standards. Deputy Mick Wallace can be assured that the days of jobs for the boys are over. That type of carry-on is what caused the problems in this country in construction, including the shoddy workmanship we have seen. I am depending on Mr. O'Connor and his board to ensure the work is done properly. Contracts will not be awarded on the basis that certain people have undertaken work in the past. Mr. O'Connor will have an important role in overseeing the whole process. He and his board should be allowed to deal with these matters. I have great confidence that they will ensure an effective policy of oversight in everything that is done.

Applications will be sought in July from persons who wish to participate in the scheme. The financial institutions are finalising the manner in which they can transfer their loan to the special purpose vehicle for the purpose of drawing down the moneys allocated. The final draft of the Bill will go to the Government very shortly and I intend to have it enacted before the summer recess. The pyrite levy and the insurance levy will be part of the repayment capacity of the loan in due course. I expect we will see some activity over the summer months in getting the scheme up and running.

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