Dáil debates

Thursday, 9 May 2019

National Broadband Plan: Statements

 

2:25 pm

Photo of Timmy DooleyTimmy Dooley (Clare, Fianna Fail) | Oireachtas source

Given that the Minister is neither denying nor confirming it, I take it that €300 million to €400 million is in the ballpark in respect of the equity that Granahan McCourt will contribute to this. My assumption is that thereafter, the rest will be by way of debt or syndicated debt. We are also conscious that the project will generate somewhere in the region of €1.5 billion to €2 billion over the life cycle of the contract. Will the Minister confirm that in respect of the information contained in the document from the Secretary General, Mr. Watt, all of the investment by Granahan McCourt will have been paid back to that company by year eight, that the company will go on to make significant profits over the remaining period of the intervention period and that, as I pointed out earlier, the very considerable benefit of the asset, namely, access to the 400,000 people who will receive the service, is the residual value that will reside with this contract?

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