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

The Deputy will have to appreciate that what has happened here is that contractual commitments to an investment of both equity and working capital of more than €220 million have been made by the investors. The controlling interest in this is Granahan McCourt. However, one of the investors with less than 50% is Oak Hill and that provides a strong financial basis for the roll-out. As I indicated, the process of approving any change in the make-up of the consortium is undertaken by the very same review group, with the same expertise, advice and review panels, as has taken place throughout this process. That independent process has approved that not only have these investors committed the equity and working capital but they also meet all of the criteria set out from the outset in this process.

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