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Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
2012 Accounts of the National Paediatric Hospital Development Board
(23 Oct 2014)

Seán Fleming: There is no ring-fenced fund.

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
2012 Accounts of the National Paediatric Hospital Development Board
(23 Oct 2014)

Seán Fleming: The Comptroller and Auditor General will understand this. It goes to the heart of the going-concern accounting basis. We all hope the money from the sale of the lottery licence will be there when construction starts in 2016 and 2017. However, it is clear that there is no ring-fenced fund, although we have been told hundreds of times that there would be such a fund. I am not asking the...

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
2012 Accounts of the National Paediatric Hospital Development Board
(23 Oct 2014)

Seán Fleming: Walk away.

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
2012 Accounts of the National Paediatric Hospital Development Board
(23 Oct 2014)

Seán Fleming: The board is also responsible - it is in the note on page 2 - for safeguarding the assets of the National Paediatric Hospital Development Board. How do the members of the board feel about having inherited assets of €40 million and coming back to us with €35 million worth of them gone at the end of 2013? How does that represent safeguarding assets? We all know there is a...

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
2012 Accounts of the National Paediatric Hospital Development Board
(23 Oct 2014)

Seán Fleming: Technically, the board is carrying the can. I do not mean it is financially carrying the can but that it was in situwhen this came to pass. Given that it has an opportunity to safeguard the assets, corporate governance involves assessed risks. I am sure it is a fundamental element of the board's macro considerations in regard to its handling of the project. Mr. Pollock has already...

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
2012 Accounts of the National Paediatric Hospital Development Board
(23 Oct 2014)

Seán Fleming: By the time the planning process is complete, which the board hopes will be at the end of December 2015, what investment will have been made other than the €40 million set out in the accounts up to the end of 2012? How much extra will be at play from the taxpayer's point of view by the time of the expected planning decision?

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
2012 Accounts of the National Paediatric Hospital Development Board
(23 Oct 2014)

Seán Fleming: Is that in addition to the aforementioned €40 million?

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
2012 Accounts of the National Paediatric Hospital Development Board
(23 Oct 2014)

Seán Fleming: So we might be looking at an expenditure of €72 million on the project before we get planning approval, including the Mater site.

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
2012 Accounts of the National Paediatric Hospital Development Board
(23 Oct 2014)

Seán Fleming: We are in the same range of spending as we were on the Mater site. We know that went wrong and we will not revisit that, but we are in the same range of funding and requirements before we get to the next planning decision. I know there are no certainties in this world, but most businesses take out some sort of insurance or indemnity against these types of risk. Has the board considered...

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
2012 Accounts of the National Paediatric Hospital Development Board
(23 Oct 2014)

Seán Fleming: Is there any comeback against the design teams? I realise they are not entering into a no-foal-no-fee arrangement. They are not going to work for nothing if planning does not work out. Nobody will do that, but there should be some element of comeback.

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
2012 Accounts of the National Paediatric Hospital Development Board
(23 Oct 2014)

Seán Fleming: So they are paid regardless?

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
2012 Accounts of the National Paediatric Hospital Development Board
(23 Oct 2014)

Seán Fleming: Thank God. I know the board has changed and different people are working on the project compared to the Mater site, although some of them are still carrying on. While Mr. Pollock may not have the information here, can he send on to us, if possible, the list of those companies that will have been paid the most by the time we get to the planning process? In other words, some will have been...

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
2012 Accounts of the National Paediatric Hospital Development Board
(23 Oct 2014)

Seán Fleming: What is the value of its contract?

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
2012 Accounts of the National Paediatric Hospital Development Board
(23 Oct 2014)

Seán Fleming: What did it get for the Mater?

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
2012 Accounts of the National Paediatric Hospital Development Board
(23 Oct 2014)

Seán Fleming: Is there anyone who worked on both and would have a combined-----

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
2012 Accounts of the National Paediatric Hospital Development Board
(23 Oct 2014)

Seán Fleming: How much did it get from the Mater project?

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
2012 Accounts of the National Paediatric Hospital Development Board
(23 Oct 2014)

Seán Fleming: There is a company that will get €14 million, win, lose or draw. That is BDP.

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
2012 Accounts of the National Paediatric Hospital Development Board
(23 Oct 2014)

Seán Fleming: I am only talking about the planning.

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
2012 Accounts of the National Paediatric Hospital Development Board
(23 Oct 2014)

Seán Fleming: That is all I am asking. When it is into the construction, it will earn its money at that stage.

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
2012 Accounts of the National Paediatric Hospital Development Board
(23 Oct 2014)

Seán Fleming: When does the board expect to sign off the next set of accounts, given they are 22 months old already?

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