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Public Accounts Committee: 2010 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Financial Commitments under Public Private Partnerships
2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Financial Commitments under Public Private Partnerships
National Development Finance Agency Financial Statements 2011
(13 Dec 2012)

Eoghan Murphy: I am confused. My understanding is that we were waiting for Covanta to secure final financing and then they were going to go ahead. Mr. Murphy is stating that is in doubt now.

Public Accounts Committee: 2010 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Financial Commitments under Public Private Partnerships
2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Financial Commitments under Public Private Partnerships
National Development Finance Agency Financial Statements 2011
(13 Dec 2012)

Eoghan Murphy: I am interested in the value for money condition, as this is the first I have heard of it. When was the decision taken that the value for money result from 2007 was void?

Public Accounts Committee: 2010 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Financial Commitments under Public Private Partnerships
2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Financial Commitments under Public Private Partnerships
National Development Finance Agency Financial Statements 2011
(13 Dec 2012)

Eoghan Murphy: When did Mr. Murphy make that decision?

Public Accounts Committee: 2010 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Financial Commitments under Public Private Partnerships
2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Financial Commitments under Public Private Partnerships
National Development Finance Agency Financial Statements 2011
(13 Dec 2012)

Eoghan Murphy: Can members be given a copy of that letter?

Public Accounts Committee: 2010 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Financial Commitments under Public Private Partnerships
2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Financial Commitments under Public Private Partnerships
National Development Finance Agency Financial Statements 2011
(13 Dec 2012)

Eoghan Murphy: It would be very interesting to see it. In 2007 a value for money letter was issued, but a great many things changed after 2007 and the NDFA made reference to some of them. The NDFA gives financial advice on projects, how does it work in this case? In the first quarter, Mr. Murphy decided to look again at this project.

Public Accounts Committee: 2010 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Financial Commitments under Public Private Partnerships
2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Financial Commitments under Public Private Partnerships
National Development Finance Agency Financial Statements 2011
(13 Dec 2012)

Eoghan Murphy: The sole role of the NDFA is to do the value for money test. Essentially that was done in 2007. Why did the NDFA decide to do it again?

Public Accounts Committee: 2010 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Financial Commitments under Public Private Partnerships
2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Financial Commitments under Public Private Partnerships
National Development Finance Agency Financial Statements 2011
(13 Dec 2012)

Eoghan Murphy: Does somebody come to the NDFA and request it to do another value for money report?

Public Accounts Committee: 2010 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Financial Commitments under Public Private Partnerships
2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Financial Commitments under Public Private Partnerships
National Development Finance Agency Financial Statements 2011
(13 Dec 2012)

Eoghan Murphy: Did the Minister come to the NDFA in the first quarter?

Public Accounts Committee: 2010 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Financial Commitments under Public Private Partnerships
2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Financial Commitments under Public Private Partnerships
National Development Finance Agency Financial Statements 2011
(13 Dec 2012)

Eoghan Murphy: Did they request the NDFA at the beginning of the year to look again the project?

Public Accounts Committee: 2010 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Financial Commitments under Public Private Partnerships
2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Financial Commitments under Public Private Partnerships
National Development Finance Agency Financial Statements 2011
(13 Dec 2012)

Eoghan Murphy: Did Mr. Murphy say in March 2012, that the 2007 VMF letter was no longer valid and that the NDFA must look again at the issue?

Public Accounts Committee: 2010 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Financial Commitments under Public Private Partnerships
2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Financial Commitments under Public Private Partnerships
National Development Finance Agency Financial Statements 2011
(13 Dec 2012)

Eoghan Murphy: When the NDFA does the new test at the beginning of next year, will it take into account the €80 million already spent and the Hennessy report which talks about a potential future liability for the taxpayer?

Public Accounts Committee: 2010 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Financial Commitments under Public Private Partnerships
2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Financial Commitments under Public Private Partnerships
National Development Finance Agency Financial Statements 2011
(13 Dec 2012)

Eoghan Murphy: Is account taken of a second compulsory purchase order after 2007, that had not been anticipated in the original?

Public Accounts Committee: 2010 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Financial Commitments under Public Private Partnerships
2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Financial Commitments under Public Private Partnerships
National Development Finance Agency Financial Statements 2011
(13 Dec 2012)

Eoghan Murphy: And the money spent?

Public Accounts Committee: 2010 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Financial Commitments under Public Private Partnerships
2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Financial Commitments under Public Private Partnerships
National Development Finance Agency Financial Statements 2011
(13 Dec 2012)

Eoghan Murphy: It was not necessarily so because the second compulsory purchase order was a result of the foreshore licence that was denied.

Public Accounts Committee: 2010 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Financial Commitments under Public Private Partnerships
2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Financial Commitments under Public Private Partnerships
National Development Finance Agency Financial Statements 2011
(13 Dec 2012)

Eoghan Murphy: How is that taken into account when we are looking at this in terms of being a participants

Public Accounts Committee: 2010 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Financial Commitments under Public Private Partnerships
2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Financial Commitments under Public Private Partnerships
National Development Finance Agency Financial Statements 2011
(13 Dec 2012)

Eoghan Murphy: Who does that?

Public Accounts Committee: 2010 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Financial Commitments under Public Private Partnerships
2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Financial Commitments under Public Private Partnerships
National Development Finance Agency Financial Statements 2011
(13 Dec 2012)

Eoghan Murphy: Does anyone check that analysis for the council?

Public Accounts Committee: 2010 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Financial Commitments under Public Private Partnerships
2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Financial Commitments under Public Private Partnerships
National Development Finance Agency Financial Statements 2011
(13 Dec 2012)

Eoghan Murphy: We need to find out. Someone else needs to look at the figures as well, rather than Dublin City Council which is directly involved in the project and is part of the consortium. We need to know that the cost-benefit analysis done by DCC stands up and takes into account all the relevant matters. I presume the NDFA will not take into account the Hennessy report when it undertakes a value for...

Public Accounts Committee: 2010 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Financial Commitments under Public Private Partnerships
2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Financial Commitments under Public Private Partnerships
National Development Finance Agency Financial Statements 2011
(13 Dec 2012)

Eoghan Murphy: I presume matters such as falling volumes of waste will not be included. I presume the NDFA will look at what is being tendered in term of how that will compare in the market.

Public Accounts Committee: 2010 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Financial Commitments under Public Private Partnerships
2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Financial Commitments under Public Private Partnerships
National Development Finance Agency Financial Statements 2011
(13 Dec 2012)

Eoghan Murphy: Can the NDFA provide me in writing the details of how the test will be carried out in order that I can know what will not be included?

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