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Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (2 May 2013)

Paschal Donohoe: To conclude on this document, on valuation, paragraph 5.1 states, "Assuming no liability for capital gains, the report concluded that the site value is in the region of €430 million". What guidance was given to the chief executive on how high a figure the board could agree with Mr. McNamara?

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (2 May 2013)

Paschal Donohoe: At this point the figure of €375 million is confirmed which is now €155 million higher than the letter to the board from Mr. Maloney.

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (2 May 2013)

Paschal Donohoe: At any point was that figure communicated to the Department?

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (2 May 2013)

Paschal Donohoe: Can anybody show me a letter sent from the Department of the Environment agreeing to the figure of €220 million?

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (2 May 2013)

Paschal Donohoe: What letter is that?

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (2 May 2013)

Paschal Donohoe: We do not have that letter.

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (2 May 2013)

Paschal Donohoe: No. The only communication we have is from 12 October. Does Ms Moylan have a letter sent from the Department agreeing to the figure of €220 million?

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (2 May 2013)

Paschal Donohoe: Can we please get a copy of that letter?

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (2 May 2013)

Paschal Donohoe: Was that circulated to the committee?

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (2 May 2013)

Paschal Donohoe: Does that letter contain a figure of €220 million?

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (2 May 2013)

Paschal Donohoe: Okay.

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (2 May 2013)

Paschal Donohoe: I accept that but nonetheless we are at a point here where there is a figure in writing of €375 million against a figure of €220 million. What figure was finally agreed in the contract?

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (2 May 2013)

Paschal Donohoe: I am looking at this letter. There is no reference in it to the figure of €220 million, to Mr. Maloney.

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (2 May 2013)

Paschal Donohoe: How did the Department find out that it was €411 million?

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (2 May 2013)

Paschal Donohoe: Was it informed at any point before that?

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (2 May 2013)

Paschal Donohoe: I wish to emphasise the huge variation between the €220 million figure here and the eventual figure of €411 million.

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (2 May 2013)

Paschal Donohoe: I have read that but what I am stunned by is the fact that the figure and how high it could be was never communicated back to the Department. I understand the point about ministerial consent to borrowing and the point about planning but the key point here is that a contract was eventually signed for €411 million by an agency of the State, by the Department of the Environment,...

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (2 May 2013)

Paschal Donohoe: Who was physically in the room when this was happening?

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (2 May 2013)

Paschal Donohoe: Incorporeal meetings appear to have been in vogue in that period. This meeting took place with the majority of people taking part via telephone. I want to go on to the particular issue of declaration of interest. Paragraph 2.3 states: "members were concerned that to some people there might be a perception of conflict but following further discussion it was agreed that such perceived...

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (2 May 2013)

Paschal Donohoe: If there was a conflict of interest at the meeting, why was there not a conflict of interest at the other two meetings?

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