Results 3,301-3,320 of 26,021 for speaker:Kieran O'Donnell
- Joint Oireachtas Committee on Transport, Tourism and Sport: Motorway Toll Charges: Transport Infrastructure Ireland (29 Nov 2022)
Kieran O'Donnell: I will quickly list the existing contracts. We have the M1, the M7, the M8, the M6, the N25, the N18, which is the Limerick tunnel, the M3 and the M4. They are all PPPs. My understanding is that the funding model of a PPP is typically based on it putting up the money and building the road. It is a design and build arrangement, in effect. The TII then comes with a model that, in some...
- Joint Oireachtas Committee on Transport, Tourism and Sport: Motorway Toll Charges: Transport Infrastructure Ireland (29 Nov 2022)
Kieran O'Donnell: On day one, under the by-law. When the contracts come to their end-of-life period, does the road then automatically revert to State ownership under TII?
- Joint Oireachtas Committee on Transport, Tourism and Sport: Motorway Toll Charges: Transport Infrastructure Ireland (29 Nov 2022)
Kieran O'Donnell: Was the M50 originally a PPP or was it built by the State?
- Joint Oireachtas Committee on Transport, Tourism and Sport: Motorway Toll Charges: Transport Infrastructure Ireland (29 Nov 2022)
Kieran O'Donnell: When will that come back into public ownership?
- Joint Oireachtas Committee on Transport, Tourism and Sport: Motorway Toll Charges: Transport Infrastructure Ireland (29 Nov 2022)
Kieran O'Donnell: Of the other schemes, when do the M1 and other roads come back into public ownership? At that stage, as they will be under TII, it will have absolute discretion on what it charges, as it has in respect of the M50. Senator Horkan made a very common-sense point. There is quite a significant difference between the rate TII charges for the tag and that for unregistered vehicles. The M4 and...
- Joint Oireachtas Committee on Transport, Tourism and Sport: Motorway Toll Charges: Transport Infrastructure Ireland (29 Nov 2022)
Kieran O'Donnell: That is in ten years' time. The M1 Dundalk road will come back into public ownership in 2034, which is 11 years' time. The M8 will be publicly owned in 11 years' time, the N25 Waterford road will be in public ownership in 2036, which is 14 years' time-----
- Joint Oireachtas Committee on Transport, Tourism and Sport: Motorway Toll Charges: Transport Infrastructure Ireland (29 Nov 2022)
Kieran O'Donnell: It is 2036. The N18 Limerick tunnel will come back into public ownership in 2041, which is 19 years away, the M3 to Clonee will be in 2052, which is 30 years away, the M6 will be in 2037, which is 25 years away, and the M7 and M8 will be in 2037. We are talking about substantial periods, of ten years or more, before these come back into public ownership.
- Joint Oireachtas Committee on Transport, Tourism and Sport: Motorway Toll Charges: Transport Infrastructure Ireland (29 Nov 2022)
Kieran O'Donnell: The 2037 project is 15 years away. I miscounted. There is a significant period for all of them, with a minimum of ten years and a maximum of 30 years. This will be a recurring theme. We are now looking at climate change. An issue has been raised with regard to hauliers. The fact they are queueing at a barrier is not good for emissions. We would all accept that. We will maybe work with...
- Joint Oireachtas Committee on Transport, Tourism and Sport: Motorway Toll Charges: Transport Infrastructure Ireland (29 Nov 2022)
Kieran O'Donnell: There are also the other tolls. It is not as straightforward as having them all come into public ownership in two or three years. This is a recurring issue. Where are public private partnerships as a model for further capital infrastructure projects?
- Joint Oireachtas Committee on Transport, Tourism and Sport: Motorway Toll Charges: Transport Infrastructure Ireland (29 Nov 2022)
Kieran O'Donnell: There are no tolls.
- Joint Oireachtas Committee on Transport, Tourism and Sport: Motorway Toll Charges: Transport Infrastructure Ireland (29 Nov 2022)
Kieran O'Donnell: They are PPPs.
- Joint Oireachtas Committee on Transport, Tourism and Sport: Motorway Toll Charges: Transport Infrastructure Ireland (29 Nov 2022)
Kieran O'Donnell: On TII's cost-benefit analysis and upfront costs of getting the roads built, as well as costs over the period, are PPPs an expensive model for the State?
- Joint Oireachtas Committee on Transport, Tourism and Sport: Motorway Toll Charges: Transport Infrastructure Ireland (29 Nov 2022)
Kieran O'Donnell: What if the State built them? What value ratio would TII typically apply?
- Joint Oireachtas Committee on Transport, Tourism and Sport: Motorway Toll Charges: Transport Infrastructure Ireland (29 Nov 2022)
Kieran O'Donnell: A discount rate.
- Joint Oireachtas Committee on Transport, Tourism and Sport: Motorway Toll Charges: Transport Infrastructure Ireland (29 Nov 2022)
Kieran O'Donnell: If TII is using a crude measure, in simple terms, it might look at the cost over a period, account for the discount to get the present value, and compare it with the cost of a build by the State. In the current environment, based on that model, is it more economical for the State to build it directly or to use PPPs?
- Joint Oireachtas Committee on Transport, Tourism and Sport: Motorway Toll Charges: Transport Infrastructure Ireland (29 Nov 2022)
Kieran O'Donnell: The PPP model is typically built around a borrowing debt model by PPPs. It is from a different perspective from what the State would do.
- Joint Oireachtas Committee on Transport, Tourism and Sport: Motorway Toll Charges: Transport Infrastructure Ireland (29 Nov 2022)
Kieran O'Donnell: That is typically higher.
- Joint Oireachtas Committee on Transport, Tourism and Sport: Motorway Toll Charges: Transport Infrastructure Ireland (29 Nov 2022)
Kieran O'Donnell: If a PPP is not a toll model, how is it funded? Is an income paid to the operator of the road over a period?
- Joint Oireachtas Committee on Transport, Tourism and Sport: Motorway Toll Charges: Transport Infrastructure Ireland (29 Nov 2022)
Kieran O'Donnell: When TII looks at projects, does it still compare PPPs with State building? Is that still an option?
- Joint Oireachtas Committee on Transport, Tourism and Sport: Motorway Toll Charges: Transport Infrastructure Ireland (29 Nov 2022)
Kieran O'Donnell: It is determined by Government.