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Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Economy and Funding Requirements: Discussion with NTMA (24 Jan 2013)

Kieran O'Donnell: If I may expand on that point, what is the current yield on ten-year Irish bonds?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Economy and Funding Requirements: Discussion with NTMA (24 Jan 2013)

Kieran O'Donnell: What is the average rate of return on the funds? What is the approximate blended rate?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Economy and Funding Requirements: Discussion with NTMA (24 Jan 2013)

Kieran O'Donnell: Our spread with Germany is about 2.98%, based on Mr. Corrigan's information.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Economy and Funding Requirements: Discussion with NTMA (24 Jan 2013)

Kieran O'Donnell: What would the NTMA be looking for in terms of ten-year bond yields, the long-term yield in Irish Government bonds? I ask him to factor in that calculation in his discussion. How important are credit rating agencies when it comes to attracting investors? I ask Mr. Corrigan to provide us with an understanding of the NTMA's task at hand.

Public Accounts Committee: National Transport Authority - Financial Statement 2011 (24 Jan 2013)

Kieran O'Donnell: Do the witnesses agree with me about the lack-----

Public Accounts Committee: National Transport Authority - Financial Statement 2011 (24 Jan 2013)

Kieran O'Donnell: I am sorry but-----

Public Accounts Committee: National Transport Authority - Financial Statement 2011 (24 Jan 2013)

Kieran O'Donnell: -----I am a user. At times, the broadband and the Wi-Fi do not work and service is exceptionally slow when it works. If one seeks to attract the business person who is paying to come on board, one must provide the service. Ms Graham must take it from me that what I am telling her is fact. Does she believe there is no issue with the Wi-Fi?

Public Accounts Committee: National Transport Authority - Financial Statement 2011 (24 Jan 2013)

Kieran O'Donnell: The problem is that Irish Rail effectively is competing in a national transport market. If it is not providing the service and it is very difficult if someone can use a bus and get far better Wi-Fi coverage. I would have thought it to be an imperative for Irish Rail that it ensures Wi-Fi and mobile coverage and I ask the National Transport Authority to take it up with the company. My final...

Public Accounts Committee: National Transport Authority - Financial Statement 2011 (24 Jan 2013)

Kieran O'Donnell: Which is a pity.

Public Accounts Committee: National Transport Authority - Financial Statement 2011 (24 Jan 2013)

Kieran O'Donnell: Students have the same requirements in terms of broadband.

Public Accounts Committee: National Transport Authority - Financial Statement 2011 (24 Jan 2013)

Kieran O'Donnell: I welcome Mr. Murphy and his colleagues. What is the resale value of the 21 carriages that are unused at present?

Public Accounts Committee: National Transport Authority - Financial Statement 2011 (24 Jan 2013)

Kieran O'Donnell: Why not?

Public Accounts Committee: National Transport Authority - Financial Statement 2011 (24 Jan 2013)

Kieran O'Donnell: The context is that €16 million in taxpayers' money was invested in Irish Rail at the end of last year. I assume the investment in the carriages was in the order of €44 million, which is more than double €16 million. It is certain that €16 million in taxpayers' money was invested but there is uncertainty regarding the future growth of Irish Rail. Mr. Murphy...

Public Accounts Committee: National Transport Authority - Financial Statement 2011 (24 Jan 2013)

Kieran O'Donnell: Can we go back to the main point?

Public Accounts Committee: National Transport Authority - Financial Statement 2011 (24 Jan 2013)

Kieran O'Donnell: I would have believed a telephone call would have established the resale value of the carriages. Let us assume they are worth half the original value - €21 million, at worst. If they had been sold, no subvention would have been required for Irish Rail last year. Can we take it that Mr. Murphy will find out the resale value of the carriages and advise the committee thereof?...

Public Accounts Committee: National Transport Authority - Financial Statement 2011 (24 Jan 2013)

Kieran O'Donnell: Can Mr. Murphy explain to me the measurements he uses to determine the rate of subvention? Does he consider aspects other than time? While punctuality is beyond reproach and the service provided by staff in the various stations is excellent, I need an explanation regarding measurements.

Public Accounts Committee: National Transport Authority - Financial Statement 2011 (24 Jan 2013)

Kieran O'Donnell: Do any of Mr. Murphy's staff members travel by train?

Public Accounts Committee: National Transport Authority - Financial Statement 2011 (24 Jan 2013)

Kieran O'Donnell: I have no doubt that if some of the staff used Irish Rail, perhaps over the course of three or four intercity journeys, they would know what I am referring to. Has Mr. Murphy asked why broadband and mobile coverage are so poor? Has he asked why the food menu is so limited in this day and age?

Public Accounts Committee: National Transport Authority - Financial Statement 2011 (24 Jan 2013)

Kieran O'Donnell: The resale value of them-----

Euro Area Loan Facility (Amendment) Bill 2013: Second Stage (Resumed) (23 Jan 2013)

Kieran O'Donnell: With Deputy John Paul Phelan.

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