Richard Bruton (Dublin Bay North, Fine Gael) | Oireachtas source

The Deputies are correct in that one of the companies involved in the joint venture to build a number of PPP schools has gone into liquidation. At this point, the National Development Finance Agency, NDFA, is dealing with the remaining shareholder and has expressed confidence that there should not be significant delays in the execution of these projects given that they are 90% built. It must complete its discussions so as to ensure that the work continues. It should be mentioned that not only are the projects 90% built, but the State has not made any payment beyond a small element of site cost. The only way in which the value to the developer can be obtained is if the State issues the licences. The State is in a relatively strong position. The NDFA is dealing with this issue and is determined to ensure that there will be no disruption to the work.

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