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Joint Oireachtas Committee on Agriculture, Food and the Marine: Foresty Industry: Discussion with Coillte (2 Oct 2012)

Andrew Doyle: We should not forget where Mr. Gunning comes from.

Joint Oireachtas Committee on Agriculture, Food and the Marine: Foresty Industry: Discussion with Coillte (2 Oct 2012)

Andrew Doyle: That is true. To be clear on the proposal, it is to auction the harvesting rights to the timber for a 50 to 80 year lease period and that is what we are discussing now. This applies to what is growing over the ground. The ground itself is not being sold.

Joint Oireachtas Committee on Agriculture, Food and the Marine: Foresty Industry: Discussion with Coillte (2 Oct 2012)

Andrew Doyle: We can hone in on that further in other questions.

Joint Oireachtas Committee on Agriculture, Food and the Marine: Foresty Industry: Discussion with Coillte (2 Oct 2012)

Andrew Doyle: A vote has been called.

Joint Oireachtas Committee on Agriculture, Food and the Marine: Foresty Industry: Discussion with Coillte (2 Oct 2012)

Andrew Doyle: Yes. Some Senators need to go to the Chamber for the vote but we will give this as long as it takes.

Joint Oireachtas Committee on Agriculture, Food and the Marine: Foresty Industry: Discussion with Coillte (2 Oct 2012)

Andrew Doyle: How long will the vote take?

Joint Oireachtas Committee on Agriculture, Food and the Marine: Foresty Industry: Discussion with Coillte (2 Oct 2012)

Andrew Doyle: If Mr. Gunning and Mr. Regan are happy to wait, we can suspend the meeting for ten minutes.

Joint Oireachtas Committee on Agriculture, Food and the Marine: Foresty Industry: Discussion with Coillte (2 Oct 2012)

Andrew Doyle: I will call Senator Mary Ann O'Brien, Deputy Barry, Deputy Deering and Senator O'Keeffe, but before we suspended Mr. Gunning indicated that he wished to make one final comment.

Joint Oireachtas Committee on Agriculture, Food and the Marine: Foresty Industry: Discussion with Coillte (2 Oct 2012)

Andrew Doyle: I call Senator Mary Ann O'Brien. The gentlemen have to be gone by 5.15 p.m.

Joint Oireachtas Committee on Agriculture, Food and the Marine: Foresty Industry: Discussion with Coillte (2 Oct 2012)

Andrew Doyle: To be fair, the figure of €3 billion is the overall target set. Let us consider the seven issues discussed. The restrictions or conditions - or lack thereof - possibly determine the position with regard to the high and the low prices. A clear unrestricted auction of the assets for an 80 year period, without obligations, would probably realise a higher up-front price. We must work...

Joint Oireachtas Committee on Agriculture, Food and the Marine: Foresty Industry: Discussion with Coillte (2 Oct 2012)

Andrew Doyle: That is fine. We want to hear everyone's point of view.

Joint Oireachtas Committee on Agriculture, Food and the Marine: Foresty Industry: Discussion with Coillte (2 Oct 2012)

Andrew Doyle: I do not believe it is his company.

Joint Oireachtas Committee on Agriculture, Food and the Marine: Foresty Industry: Discussion with Coillte (2 Oct 2012)

Andrew Doyle: That is fine. Is the Deputy referring to a press release dating from November 2009?

Joint Oireachtas Committee on Agriculture, Food and the Marine: Foresty Industry: Discussion with Coillte (2 Oct 2012)

Andrew Doyle: It probably is relevant, but-----

Joint Oireachtas Committee on Agriculture, Food and the Marine: Foresty Industry: Discussion with Coillte (2 Oct 2012)

Andrew Doyle: It would probably be as well if the Deputy's questions were answered.

Joint Oireachtas Committee on Agriculture, Food and the Marine: Foresty Industry: Discussion with Coillte (2 Oct 2012)

Andrew Doyle: That is fine.

Joint Oireachtas Committee on Agriculture, Food and the Marine: Foresty Industry: Discussion with Coillte (2 Oct 2012)

Andrew Doyle: That completes the questions. I invite Mr. Gunning to outline the timeframe to which he is working in terms of the current process. It would be helpful to us in our work schedule in terms of formulating a report or submission.

Joint Oireachtas Committee on Agriculture, Food and the Marine: Foresty Industry: Discussion with Coillte (2 Oct 2012)

Andrew Doyle: Yes, but I am conscious of the time restraints. We will also have to see about inviting in the relevant people involved in this process from NewERA. Mr. Egan can give us a quick overview of Coillte’s position.

Joint Oireachtas Committee on Agriculture, Food and the Marine: Foresty Industry: Discussion with Coillte (2 Oct 2012)

Andrew Doyle: That is helpful in the context of the seven issues and the relationship between Coillte, the Government and NewERA.

Joint Oireachtas Committee on Agriculture, Food and the Marine: Foresty Industry: Discussion with Coillte (2 Oct 2012)

Andrew Doyle: Mr. Gunning said that he was asked to give an evaluation and heard from a team of expert consultants. I presume that gave parameters factoring restrictions and conditions on the sale of it, for example, with or without the board mills and with the viable and unviable land. I presume it produced more than one bottom line price at the time. I understand if Mr. Gunning cannot divulge this...

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