Results 8,001-8,020 of 26,208 for speaker:Kieran O'Donnell

Select Committee on Transport, Tourism and Sport: Estimates for Public Services 2021
Vote 29 - Environment, Climate and Communications (Supplementary)
Vote 31 - Transport (Supplementary) (25 Nov 2021)

Kieran O'Donnell: A sum of €28 million has been transferred from the savings made in the National Broadband Ireland plan. Some €160 million was paid into the energy efficient national fund in 2021. There are three components. There is improved access to residential retrofit projects for low-income households and households living in poverty; establishing a new residential retrofit loan...

Select Committee on Transport, Tourism and Sport: Estimates for Public Services 2021
Vote 29 - Environment, Climate and Communications (Supplementary)
Vote 31 - Transport (Supplementary) (25 Nov 2021)

Kieran O'Donnell: When will that come into play?

Select Committee on Transport, Tourism and Sport: Estimates for Public Services 2021
Vote 29 - Environment, Climate and Communications (Supplementary)
Vote 31 - Transport (Supplementary) (25 Nov 2021)

Kieran O'Donnell: That retrofit scheme will have a one-stop shop. Is that correct?

Select Committee on Transport, Tourism and Sport: Estimates for Public Services 2021
Vote 29 - Environment, Climate and Communications (Supplementary)
Vote 31 - Transport (Supplementary) (25 Nov 2021)

Kieran O'Donnell: When the Minister of State says early next year, are we talking January, February or March?

Select Committee on Transport, Tourism and Sport: Estimates for Public Services 2021
Vote 29 - Environment, Climate and Communications (Supplementary)
Vote 31 - Transport (Supplementary) (25 Nov 2021)

Kieran O'Donnell: What is new is the new residential retrofit loan guarantee scheme. How will that work who will qualify for the scheme?

Select Committee on Transport, Tourism and Sport: Estimates for Public Services 2021
Vote 29 - Environment, Climate and Communications (Supplementary)
Vote 31 - Transport (Supplementary) (25 Nov 2021)

Kieran O'Donnell: It is a guarantee scheme from the State to the banks.

Select Committee on Transport, Tourism and Sport: Estimates for Public Services 2021
Vote 29 - Environment, Climate and Communications (Supplementary)
Vote 31 - Transport (Supplementary) (25 Nov 2021)

Kieran O'Donnell: Have discussions already taken place with the banks and financial institutions on this scheme?

Select Committee on Transport, Tourism and Sport: Estimates for Public Services 2021
Vote 29 - Environment, Climate and Communications (Supplementary)
Vote 31 - Transport (Supplementary) (25 Nov 2021)

Kieran O'Donnell: Will this be done through the Department the Environment, Climate and Communications?

Select Committee on Transport, Tourism and Sport: Estimates for Public Services 2021
Vote 29 - Environment, Climate and Communications (Supplementary)
Vote 31 - Transport (Supplementary) (25 Nov 2021)

Kieran O'Donnell: People will be able to apply to a financial institution. Has the Department decided what percentage or risk factor it will take in respect of the guarantee? What comfort will be given to the banks in giving these loans?

Select Committee on Transport, Tourism and Sport: Estimates for Public Services 2021
Vote 29 - Environment, Climate and Communications (Supplementary)
Vote 31 - Transport (Supplementary) (25 Nov 2021)

Kieran O'Donnell: That is €60 million in total.

Select Committee on Transport, Tourism and Sport: Estimates for Public Services 2021
Vote 29 - Environment, Climate and Communications (Supplementary)
Vote 31 - Transport (Supplementary) (25 Nov 2021)

Kieran O'Donnell: Is it fair to say the funding is coming from SBCI and State resources but being allocated through the banks? Is that correct, or are the banks lending the money? The resilience and recovery fund is coming from Europe. Is that correct?

Select Committee on Transport, Tourism and Sport: Estimates for Public Services 2021
Vote 29 - Environment, Climate and Communications (Supplementary)
Vote 31 - Transport (Supplementary) (25 Nov 2021)

Kieran O'Donnell: The €20 million is core Exchequer funding.

Select Committee on Transport, Tourism and Sport: Estimates for Public Services 2021
Vote 29 - Environment, Climate and Communications (Supplementary)
Vote 31 - Transport (Supplementary) (25 Nov 2021)

Kieran O'Donnell: That is €60 million. The Department is then leveraging approximately €400 million, which is a considerable sum of money. When people are applying for that funding are they borrowing from the State or a financial institution? SBCI is involved. What structure is it taking?

Select Committee on Transport, Tourism and Sport: Estimates for Public Services 2021
Vote 29 - Environment, Climate and Communications (Supplementary)
Vote 31 - Transport (Supplementary) (25 Nov 2021)

Kieran O'Donnell: Do any of the officials have the answer?

Select Committee on Transport, Tourism and Sport: Estimates for Public Services 2021
Vote 29 - Environment, Climate and Communications (Supplementary)
Vote 31 - Transport (Supplementary) (25 Nov 2021)

Kieran O'Donnell: It will make €400 million available for which people who would not heretofore qualify under the retrofit scheme may apply to retrofit their houses. Is this a reasonable view on it?

Select Committee on Transport, Tourism and Sport: Estimates for Public Services 2021
Vote 29 - Environment, Climate and Communications (Supplementary)
Vote 31 - Transport (Supplementary) (25 Nov 2021)

Kieran O'Donnell: The issue that has arisen with retrofit is that certain people do not qualify.

Select Committee on Transport, Tourism and Sport: Estimates for Public Services 2021
Vote 29 - Environment, Climate and Communications (Supplementary)
Vote 31 - Transport (Supplementary) (25 Nov 2021)

Kieran O'Donnell: When will the precise details of the scheme be made available?

Select Committee on Transport, Tourism and Sport: Estimates for Public Services 2021
Vote 29 - Environment, Climate and Communications (Supplementary)
Vote 31 - Transport (Supplementary) (25 Nov 2021)

Kieran O'Donnell: We put it to the Minister, Deputy Ryan, and the Minister of State, Deputy Ossian Smyth, that for next year in the Estimates there should be a section on the costs involved in cybersecurity and a subheading for spending on cybersecurity, not only with regard to the funding provided but also cybersecurity for the Department itself.

Select Committee on Transport, Tourism and Sport: Estimates for Public Services 2021
Vote 29 - Environment, Climate and Communications (Supplementary)
Vote 31 - Transport (Supplementary) (25 Nov 2021)

Kieran O'Donnell: Overall it is €160 million. It is something that caught my eye.

Select Committee on Transport, Tourism and Sport: Estimates for Public Services 2021
Vote 29 - Environment, Climate and Communications (Supplementary)
Vote 31 - Transport (Supplementary) (25 Nov 2021)

Kieran O'Donnell: I will bring in members for a second round of questions. I hope we will conclude in approximately 20 minutes.