Results 21,101-21,120 of 26,228 for speaker:Kieran O'Donnell
- Public Accounts Committee: Business of Committee (19 Dec 2013)
Kieran O'Donnell: There were some queries put by the committee.
- Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General - Dublin Docklands Development Authority: Discussion (Resumed) (12 Dec 2013)
Kieran O'Donnell: We will let the Comptroller and Auditor General conclude, and then I can call Mr. Maloney.
- Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General - Dublin Docklands Development Authority: Discussion (Resumed) (12 Dec 2013)
Kieran O'Donnell: I seek clarification on that. What is the net effect? What is the State taking on its balance sheet in terms of DDDA at the end of December 2012?
- Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General - Dublin Docklands Development Authority: Discussion (Resumed) (12 Dec 2013)
Kieran O'Donnell: Deficit?
- Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General - Dublin Docklands Development Authority: Discussion (Resumed) (12 Dec 2013)
Kieran O'Donnell: We suggest that the clerk might link up and we can get it independently verified by the DDDA.
- Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General - Dublin Docklands Development Authority: Discussion (Resumed) (12 Dec 2013)
Kieran O'Donnell: That is in order.
- Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General - Dublin Docklands Development Authority: Discussion (Resumed) (12 Dec 2013)
Kieran O'Donnell: The committee will obviously consider Mr. Maloney's request and we thank him for appearing before us. At a macro level it has cost the State €52 million. We may differ, but generally, from the evidence we have received, I feel there was lack of cohesion in decision making, independent property evaluation and proper due diligence. Clearly, it was rushed. However, the committee will...
- Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General - Dublin Docklands Development Authority: Discussion (Resumed) (12 Dec 2013)
Kieran O'Donnell: We can ask the DDDA directly for that.
- Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General - Dublin Docklands Development Authority: Discussion (Resumed) (12 Dec 2013)
Kieran O'Donnell: What was the zoning of the land when it was purchased?
- Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General - Dublin Docklands Development Authority: Discussion (Resumed) (12 Dec 2013)
Kieran O'Donnell: Was there a question over its zoning?
- Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General - Dublin Docklands Development Authority: Discussion (Resumed) (12 Dec 2013)
Kieran O'Donnell: Was any preplanning done before a bid was made on the site?
- Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General - Dublin Docklands Development Authority: Discussion (Resumed) (12 Dec 2013)
Kieran O'Donnell: But that only involves picking up the telephone to call the planners.
- Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General - Dublin Docklands Development Authority: Discussion (Resumed) (12 Dec 2013)
Kieran O'Donnell: It was a Part 8 development. The DDDA was giving itself permission.
- Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General - Dublin Docklands Development Authority: Discussion (Resumed) (12 Dec 2013)
Kieran O'Donnell: There was nothing normal about the size of this project. It was valued at €400 million. It was clearly a high-risk project.
- Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General - Dublin Docklands Development Authority: Discussion (Resumed) (12 Dec 2013)
Kieran O'Donnell: I appreciate that Mr. Moloney has come before us, but obviously he will appreciate that the robustness of argument will always stand up, so we have to put questions. I always come back to the return. Did DDDA get any projections on the level of profit it would make from the project if it was going ahead?
- Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General - Dublin Docklands Development Authority: Discussion (Resumed) (12 Dec 2013)
Kieran O'Donnell: What was that level?
- Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General - Dublin Docklands Development Authority: Discussion (Resumed) (12 Dec 2013)
Kieran O'Donnell: Did the DDDA do any due diligence on that? DDDA was a minority shareholder in this proposal.
- Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General - Dublin Docklands Development Authority: Discussion (Resumed) (12 Dec 2013)
Kieran O'Donnell: Who carried that out for DDDA?
- Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General - Dublin Docklands Development Authority: Discussion (Resumed) (12 Dec 2013)
Kieran O'Donnell: That is on the value of the property, but who actually sat down and crunched the figures?
- Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General - Dublin Docklands Development Authority: Discussion (Resumed) (12 Dec 2013)
Kieran O'Donnell: The eventual cost of the project was €412 million, and at 15% the DDDA was looking at a profit of €62 million, but it ended up with a loss-----