Results 3,441-3,460 of 26,178 for speaker:Kieran O'Donnell
- Joint Oireachtas Committee on Transport, Tourism and Sport: Motorway Toll Charges: Transport Infrastructure Ireland (29 Nov 2022)
Kieran O'Donnell: That relates to the original construct of the PPPs. It is a separate issue from that concerning TII.
- Joint Oireachtas Committee on Transport, Tourism and Sport: Motorway Toll Charges: Transport Infrastructure Ireland (29 Nov 2022)
Kieran O'Donnell: Our understanding is that there are two risk-based contracts, pertaining to the M1 and M4.
- Joint Oireachtas Committee on Transport, Tourism and Sport: Motorway Toll Charges: Transport Infrastructure Ireland (29 Nov 2022)
Kieran O'Donnell: I am referring to the profit-sharing mechanism.
- Joint Oireachtas Committee on Transport, Tourism and Sport: Motorway Toll Charges: Transport Infrastructure Ireland (29 Nov 2022)
Kieran O'Donnell: What are they?
- Joint Oireachtas Committee on Transport, Tourism and Sport: Motorway Toll Charges: Transport Infrastructure Ireland (29 Nov 2022)
Kieran O'Donnell: Based on traffic volumes?
- Joint Oireachtas Committee on Transport, Tourism and Sport: Motorway Toll Charges: Transport Infrastructure Ireland (29 Nov 2022)
Kieran O'Donnell: No. If the traffic reaches a certain level, a profit-sharing mechanism kicks in. If that level is not reached, nothing is paid to TII. That is based on the contracts.
- Joint Oireachtas Committee on Transport, Tourism and Sport: Motorway Toll Charges: Transport Infrastructure Ireland (29 Nov 2022)
Kieran O'Donnell: I now call Deputy Ó Murchú, who has ten minutes.
- Joint Oireachtas Committee on Transport, Tourism and Sport: Motorway Toll Charges: Transport Infrastructure Ireland (29 Nov 2022)
Kieran O'Donnell: Will Deputy Ó Murchú repeat the question?
- Joint Oireachtas Committee on Transport, Tourism and Sport: Motorway Toll Charges: Transport Infrastructure Ireland (29 Nov 2022)
Kieran O'Donnell: It is a pity that it will clash with our committee meeting this evening.
- Joint Oireachtas Committee on Transport, Tourism and Sport: Motorway Toll Charges: Transport Infrastructure Ireland (29 Nov 2022)
Kieran O'Donnell: Are those standard and are they done every year?
- Joint Oireachtas Committee on Transport, Tourism and Sport: Motorway Toll Charges: Transport Infrastructure Ireland (29 Nov 2022)
Kieran O'Donnell: That information is being missed. There is a standard every year under the contracts.
- Joint Oireachtas Committee on Transport, Tourism and Sport: Motorway Toll Charges: Transport Infrastructure Ireland (29 Nov 2022)
Kieran O'Donnell: Was that in August?
- Joint Oireachtas Committee on Transport, Tourism and Sport: Motorway Toll Charges: Transport Infrastructure Ireland (29 Nov 2022)
Kieran O'Donnell: Was this based on the CSO?
- Joint Oireachtas Committee on Transport, Tourism and Sport: Motorway Toll Charges: Transport Infrastructure Ireland (29 Nov 2022)
Kieran O'Donnell: Am I correct in my interpretation that the TII's priority with tunnels is to ensure that they do not get clogged? Therefore, the barriers are a mechanism to ensure that, in an emergency situation, a tunnel is not backed up with vehicles. Is that the case, in layman's terms?
- Joint Oireachtas Committee on Transport, Tourism and Sport: Motorway Toll Charges: Transport Infrastructure Ireland (29 Nov 2022)
Kieran O'Donnell: I will ask a question before I go to non-members of the committee. I looked at the by-laws for all the toll contracts. How long do those contracts last? There is normally a review period for contracts to consider them. I see that under legislation the TII is entitled to review toll contracts but it is a process. To date, has the TII reviewed any contracts? How long do these contracts...
- Joint Oireachtas Committee on Transport, Tourism and Sport: Motorway Toll Charges: Transport Infrastructure Ireland (29 Nov 2022)
Kieran O'Donnell: Okay.
- Joint Oireachtas Committee on Transport, Tourism and Sport: Motorway Toll Charges: Transport Infrastructure Ireland (29 Nov 2022)
Kieran O'Donnell: Sorry.
- Joint Oireachtas Committee on Transport, Tourism and Sport: Motorway Toll Charges: Transport Infrastructure Ireland (29 Nov 2022)
Kieran O'Donnell: I will quickly list the existing contracts. We have the M1, the M7, the M8, the M6, the N25, the N18, which is the Limerick tunnel, the M3 and the M4. They are all PPPs. My understanding is that the funding model of a PPP is typically based on it putting up the money and building the road. It is a design and build arrangement, in effect. The TII then comes with a model that, in some...
- Joint Oireachtas Committee on Transport, Tourism and Sport: Motorway Toll Charges: Transport Infrastructure Ireland (29 Nov 2022)
Kieran O'Donnell: On day one, under the by-law. When the contracts come to their end-of-life period, does the road then automatically revert to State ownership under TII?
- Joint Oireachtas Committee on Transport, Tourism and Sport: Motorway Toll Charges: Transport Infrastructure Ireland (29 Nov 2022)
Kieran O'Donnell: Was the M50 originally a PPP or was it built by the State?