Ruairi Ó Murchú (Louth, Sinn Fein) | Oireachtas source

I have just come running from a meeting with NBI. I will deal with two major questions. We have all seen the commentary, particularly in the Business Post, on the financial structures involved here. David McCourt has spoken about looking at different corporate structures or investors and there will be an element of communication with the Government on that. We need to ensure we can deliver the project, that the vehicle is fit for purpose and that this will not impact on NBI's ability to deliver. At this time, it looks like the person who was awarded the contract was awarded it despite the emperor having no clothes. He was able to put up huge expensive debt as equity. I ask the Minister of State to address that matter and the structure and then we will get onto the issue of the roll-out.

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