Results 18,541-18,560 of 26,152 for speaker:Kieran O'Donnell
- Joint Oireachtas Committee on Transport, Tourism and Sport: National Broadband Plan Update: National Broadband Ireland (27 Jan 2022)
Kieran O'Donnell: I accept that.
- Joint Oireachtas Committee on Transport, Tourism and Sport: National Broadband Plan Update: National Broadband Ireland (27 Jan 2022)
Kieran O'Donnell: We probably need the assistance of Ms Fisher to go through that document.
- Joint Oireachtas Committee on Transport, Tourism and Sport: National Broadband Plan Update: National Broadband Ireland (27 Jan 2022)
Kieran O'Donnell: I ask Mr. Hendrick to break that down. There is €1.1 billion to build the network and €900 million to release or rent equipment, which would obviously be with the network through 25 years. That is €2 billion. There is a contingency of €500 million. Mr. Hendrick is putting the cost at €2.5 billion. Who is financing that?
- Joint Oireachtas Committee on Transport, Tourism and Sport: National Broadband Plan Update: National Broadband Ireland (27 Jan 2022)
Kieran O'Donnell: In the context of the contract as it currently stands, who will fund the €2.5 billion cost NBI will incur?
- Joint Oireachtas Committee on Transport, Tourism and Sport: National Broadband Plan Update: National Broadband Ireland (27 Jan 2022)
Kieran O'Donnell: It will be €5 billion.
- Joint Oireachtas Committee on Transport, Tourism and Sport: National Broadband Plan Update: National Broadband Ireland (27 Jan 2022)
Kieran O'Donnell: Reference was made to €120 million.
- Joint Oireachtas Committee on Transport, Tourism and Sport: National Broadband Plan Update: National Broadband Ireland (27 Jan 2022)
Kieran O'Donnell: We have been given a lot of information in the briefing and statement. We as a committee want the roll-out of broadband. Areas need to be clarified in order to allow everyone to move forward. The cost of building the overall network will be €2.5 billion over a five or seven-year period. It is estimated that the overall cost over the following 25 years will be another €2.5...
- Joint Oireachtas Committee on Transport, Tourism and Sport: National Broadband Plan Update: National Broadband Ireland (27 Jan 2022)
Kieran O'Donnell: Am I correct in understanding that the cost of the network will be €1.1 billion? The poles will cost €900 million over a 25-year period. There is a contingency fund of €500 million. The total cost of the scheme over 25 years is anticipated to be €5 billion.
- Joint Oireachtas Committee on Transport, Tourism and Sport: National Broadband Plan Update: National Broadband Ireland (27 Jan 2022)
Kieran O'Donnell: The overall cost is €5 billion. Of that €5 billion, the State is contracted to pay up to €2.7 billion. That is the maximum.
- Joint Oireachtas Committee on Transport, Tourism and Sport: National Broadband Plan Update: National Broadband Ireland (27 Jan 2022)
Kieran O'Donnell: Okay. The maximum that will be claimed is, I presume, 92% of the €5 billion. Am I correct?
- Joint Oireachtas Committee on Transport, Tourism and Sport: National Broadband Plan Update: National Broadband Ireland (27 Jan 2022)
Kieran O'Donnell: What is the total amount available? I know the cap is €2.6 billion, comprising €2.1 billion and €500 million in contingencies. What total can the State contribute to the €2.5 billion?
- Joint Oireachtas Committee on Transport, Tourism and Sport: National Broadband Plan Update: National Broadband Ireland (27 Jan 2022)
Kieran O'Donnell: The figure of €2.7 billion, multiplied by 0.92, is €2.5 billion. That is where the figure is coming from. That is the maximum.
- Joint Oireachtas Committee on Transport, Tourism and Sport: National Broadband Plan Update: National Broadband Ireland (27 Jan 2022)
Kieran O'Donnell: NBI will incur costs of between €2 billion and €2.5 billion. Is the purpose of the subsidy being provided to NBI to cover the build-out cost €2.5 billion? Is that the logic behind it?
- Joint Oireachtas Committee on Transport, Tourism and Sport: National Broadband Plan Update: National Broadband Ireland (27 Jan 2022)
Kieran O'Donnell: The State's investment is for the build-out and not the operation of the scheme.
- Joint Oireachtas Committee on Transport, Tourism and Sport: National Broadband Plan Update: National Broadband Ireland (27 Jan 2022)
Kieran O'Donnell: So the €2.5 billion on top, to bring it up to €5 billion, is covered by NBI.
- Joint Oireachtas Committee on Transport, Tourism and Sport: National Broadband Plan Update: National Broadband Ireland (27 Jan 2022)
Kieran O'Donnell: Under state aid rules, NBI can only get 92% of the build out costs which is 92% of €2.6 billion, or roughly €2.5 billion.
- Joint Oireachtas Committee on Transport, Tourism and Sport: National Broadband Plan Update: National Broadband Ireland (27 Jan 2022)
Kieran O'Donnell: On encroachment, what value has been assigned to the subsidies paid to NBI?
- Joint Oireachtas Committee on Transport, Tourism and Sport: National Broadband Plan Update: National Broadband Ireland (27 Jan 2022)
Kieran O'Donnell: If any of that €100 million is claimed or paid to NBI, when would it happen?
- Joint Oireachtas Committee on Transport, Tourism and Sport: National Broadband Plan Update: National Broadband Ireland (27 Jan 2022)
Kieran O'Donnell: NBI may claim subsidies from the State but what mechanism determines the subsidies that can be drawn down? What level of subsidies have been received since the start of January 2020?