Micheál Martin (Cork South Central, Fianna Fail) | Oireachtas source

The Minister's Department toldThe Sunday Timestwo weeks ago in two series of articles that McCourt Global was the financial underpinner of this project, but McCourt Global has now disappeared. The Government is confusing the picture deliberately at this stage. What is the Taoiseach hiding in respect of the relationships between GMC, Tetrad, and McCourt Global? He said, and he may correct me on this, that Tetrad is putting up €175 million. Does that mean that GMC is putting no equity in, despite being the sole bidder? I may have picked the Taoiseach up wrong, but I thought he gave a figure of €175 million and said Tetrad was providing that. Does that mean GMC is only providing the working capital and is not putting any equity into the project? Can the Taoiseach confirm that?

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