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Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (26 Jun 2013)

Paschal Donohoe: -----because I want to make sure everybody, including myself, is following this. What document are you referring to?

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (26 Jun 2013)

Paschal Donohoe: Okay.

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (26 Jun 2013)

Paschal Donohoe: Okay.

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (26 Jun 2013)

Paschal Donohoe: You say "what I think happened", but you were present at all of this.

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (26 Jun 2013)

Paschal Donohoe: I appreciate that.

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (26 Jun 2013)

Paschal Donohoe: Yes.

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (26 Jun 2013)

Paschal Donohoe: And that submission is this document here.

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (26 Jun 2013)

Paschal Donohoe: Thank you.

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (26 Jun 2013)

Paschal Donohoe: I live in the real world too, and I understand these figures, but what you are saying to me is that because the net figure had not changed it was considered that there was no need to re-communicate that the gross figure that had been communicated to the Department was inaccurate.

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (26 Jun 2013)

Paschal Donohoe: Between 3 and 20 October.

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (26 Jun 2013)

Paschal Donohoe: It is fair for me to say that, at that meeting, the collective board was informed that it was Mr. McNamara.

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (26 Jun 2013)

Paschal Donohoe: What is also significant about the minutes of the meeting is that the figures for how much the site was worth began to come into play. According to a sentence in section 2.1, the board agreed to an upper limit of €375 million. From where did this figure come?

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (26 Jun 2013)

Paschal Donohoe: To ensure that we are discussing the same figures, Mr. Bradshaw is referring to paragraph 4 of the document entitled, "Development site at Poolbeg".

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (26 Jun 2013)

Paschal Donohoe: Was independent verification of these figures sought at any point?

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (26 Jun 2013)

Paschal Donohoe: Why not?

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (26 Jun 2013)

Paschal Donohoe: Did no one on the board suggest it?

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (26 Jun 2013)

Paschal Donohoe: In the midst of all of those valuations flying around, no one on the board recommended getting an independent valuation to arbitrate between the-----

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (26 Jun 2013)

Paschal Donohoe: Why did Mr. Bradshaw not do so?

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (26 Jun 2013)

Paschal Donohoe: Mr. Bradshaw has answered the question for me. I want to knit together earlier testimony to the committee, including that of Ms Mary Moylan, regarding the nature of the relationship between the board and the then Department of the Environment, Heritage and Local Government. A letter supplied to the committee by Ms Moylan at one of our previous meetings is dated 12 October 2012. It is from...

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (26 Jun 2013)

Paschal Donohoe: My question still stands. As the Comptroller and Auditor General has elaborated, a number of internal valuations placed the site's value at approximately €300 million. However, a communication to the Department of the Environment, Heritage and Local Government cited a figure of €220 million. Even though the letter is named from Mr. Maloney, he mentioned what was necessary to...

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