Dáil debates

Wednesday, 8 May 2019

Ceisteanna ó Cheannairí - Leaders' Questions

 

2:30 pm

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

That is confidential within the contracts and that will be a matter we will have to nail down at the contract stage to show the documentation for the equity that is being put in. The equity is commensurate with the sort of revenue that this project will generate. This equity is entirely at risk. Many on the benches opposite and in the media have asked what would happen if the take-up was not as high as might be projected. The truth is that any failure in respect of the take-up will fall on that equity investor. It will be at its risk if that fails to transpire. This will be an important investment in rural Ireland. We have considered all the alternatives. This is the best technology delivered at the cheapest cost with the minimum risk to the State and it is an investment that we believe rural Ireland deserves.

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