Results 30,841-30,860 of 33,214 for speaker:Paschal Donohoe
- Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (2 May 2013)
Paschal Donohoe: But are we talking about several millions?
- Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (2 May 2013)
Paschal Donohoe: So the cap in regard to the 26% remained unchanged. I assume the cap would have been covering a larger amount of money than the cap on the interest.
- Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (2 May 2013)
Paschal Donohoe: How much money are we talking about if the borrowings were not repaid?
- Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (2 May 2013)
Paschal Donohoe: The additional exposure to the State by the removal of the cap was €8.5 million.
- Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (2 May 2013)
Paschal Donohoe: That book-ended it.
- Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (2 May 2013)
Paschal Donohoe: We have an additional exposure to the State of €8.5 million due to the removal of the cap. Is that correct?
- Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (2 May 2013)
Paschal Donohoe: Was capped.
- Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (2 May 2013)
Paschal Donohoe: I understand that completely, and thank Ms Moylan for the manner in which she answered my questions. I understand there was a 26% stake and that the cap was in place. I also contend, as the figure increased exponentially, notwithstanding the presence of the cap, the Department should have been aware of that. The original figure was €220 million, a figure of €375 million was...
- Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (2 May 2013)
Paschal Donohoe: It is and not complicated. The simple point in all of this is that we have a figure of €375 million and a final figure of €411 million which differ massively to the only written communication I have to the Department. The Chairman has been very generous in terms of time with me. In her concluding paragraph, Ms Tallon states: "I am sure the committee will appreciate the risks...
- Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (2 May 2013)
Paschal Donohoe: I want to end with a point with which I began, namely, the selection of Mr. McNamara and his role. I want to quote from The FitzPatrick Tapes by Tom Lyons and Brian Carey, to which I have referred in other committee meetings. Mr. FitzPatrick said: There was little discussion at board level about whether Mr. McNamara was the right man for the job as his reputation spoke for itself ......
- Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (2 May 2013)
Paschal Donohoe: I will conclude on that point in a moment. I am just asking questions, I am not drawing conclusions at this stage. Paragraph 2.4 states, "The Chief Executive confirmed that all of the negotiation and preparation of documentation by the Executive had been virtually completed before the issue arose". Does that refer to the issue of potential conflict of interest?
- Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (2 May 2013)
Paschal Donohoe: To conclude on this document, on valuation, paragraph 5.1 states, "Assuming no liability for capital gains, the report concluded that the site value is in the region of €430 million". What guidance was given to the chief executive on how high a figure the board could agree with Mr. McNamara?
- Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (2 May 2013)
Paschal Donohoe: At this point the figure of €375 million is confirmed which is now €155 million higher than the letter to the board from Mr. Maloney.
- Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (2 May 2013)
Paschal Donohoe: At any point was that figure communicated to the Department?
- Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (2 May 2013)
Paschal Donohoe: Can anybody show me a letter sent from the Department of the Environment agreeing to the figure of €220 million?
- Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (2 May 2013)
Paschal Donohoe: What letter is that?
- Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (2 May 2013)
Paschal Donohoe: We do not have that letter.
- Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (2 May 2013)
Paschal Donohoe: No. The only communication we have is from 12 October. Does Ms Moylan have a letter sent from the Department agreeing to the figure of €220 million?
- Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (2 May 2013)
Paschal Donohoe: Can we please get a copy of that letter?
- Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (2 May 2013)
Paschal Donohoe: Was that circulated to the committee?