Results 3,921-3,940 of 5,632 for speaker:Jennifer Carroll MacNeill

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 29 - Environment, Climate and Communications
National Broadband Plan Expenditure and Related Matters (10 Feb 2022)

Jennifer Carroll MacNeill: Yes. Right down to the low-level design-----

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 29 - Environment, Climate and Communications
National Broadband Plan Expenditure and Related Matters (10 Feb 2022)

Jennifer Carroll MacNeill: Did NBI get the design wrong?

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 29 - Environment, Climate and Communications
National Broadband Plan Expenditure and Related Matters (10 Feb 2022)

Jennifer Carroll MacNeill: I am sorry to cut across Mr. Hendrick. Our time is limited. It is a problem we have. I appreciate that contractors cannot build or price until they have the full information. Is Mr. Hendrick comfortable he has given everything to his subcontractors in a suitably timely way?

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 29 - Environment, Climate and Communications
National Broadband Plan Expenditure and Related Matters (10 Feb 2022)

Jennifer Carroll MacNeill: Mr. Hendrick mentioned that.

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 29 - Environment, Climate and Communications
National Broadband Plan Expenditure and Related Matters (10 Feb 2022)

Jennifer Carroll MacNeill: I thank Mr. Malone. I will now turn to the financial side. Obviously we have had significant inflation in the past year and close to hyperinflation this year. What is the project value having regard to this inflation?

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 29 - Environment, Climate and Communications
National Broadband Plan Expenditure and Related Matters (10 Feb 2022)

Jennifer Carroll MacNeill: So Mr. Hendrick is saying the prices are essentially stable and will not change.

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 29 - Environment, Climate and Communications
National Broadband Plan Expenditure and Related Matters (10 Feb 2022)

Jennifer Carroll MacNeill: If we review it at that point, depending on the inflationary situation, we can re-assess it.

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 29 - Environment, Climate and Communications
National Broadband Plan Expenditure and Related Matters (10 Feb 2022)

Jennifer Carroll MacNeill: Mr. Hendrick is saying it is stable for the coming period and there will not be a change to the value of the contract.

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 29 - Environment, Climate and Communications
National Broadband Plan Expenditure and Related Matters (10 Feb 2022)

Jennifer Carroll MacNeill: There is a lot of discussion, and other colleagues will go into it, about shareholders and potential changes to shareholders. If more equity is required from shareholders, will it be available?

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 29 - Environment, Climate and Communications
National Broadband Plan Expenditure and Related Matters (10 Feb 2022)

Jennifer Carroll MacNeill: There is a phrase in the opening statement I must question. This is the idea of changing the corporate structure to turn an idea into a reality. Obviously the State contracted a major serious infrastructure project. It was not an idea for the State. It is very important. Does Mr. Hendrick want to outline this? It is certainly a phrase that made me uncomfortable.

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 29 - Environment, Climate and Communications
National Broadband Plan Expenditure and Related Matters (10 Feb 2022)

Jennifer Carroll MacNeill: I will tell Mr. Hendrick why it makes me uncomfortable. This may be unfair so I will give Mr. Hendrick an opportunity to answer it. That phrase sat aside, I read about the way in which some of the vehicles were put together quite quickly at the time the contract was being signed and in the period immediately prior to it. I do not find this concrete enough. In terms of risk, the return is...

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 29 - Environment, Climate and Communications
National Broadband Plan Expenditure and Related Matters (10 Feb 2022)

Jennifer Carroll MacNeill: Yes. Where does Mr. Hendrick think I could get 12% on my money anywhere else in 2022?

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 29 - Environment, Climate and Communications
National Broadband Plan Expenditure and Related Matters (10 Feb 2022)

Jennifer Carroll MacNeill: Was that not signed back in 2010? Was there not a very different investment environment at that stage?

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 29 - Environment, Climate and Communications
National Broadband Plan Expenditure and Related Matters (10 Feb 2022)

Jennifer Carroll MacNeill: What were the interest rates in terms of equivalence? Mr. Hendrick gave that example in his opening statement and that is fair enough, but there was a very different investment environment when it was signed than there is now.

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 29 - Environment, Climate and Communications
National Broadband Plan Expenditure and Related Matters (10 Feb 2022)

Jennifer Carroll MacNeill: But in terms of interest rates generally.

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 29 - Environment, Climate and Communications
National Broadband Plan Expenditure and Related Matters (10 Feb 2022)

Jennifer Carroll MacNeill: This is a contract with a state to deliver a project that is needed. Where is the risk except for inflation in construction costs?

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 29 - Environment, Climate and Communications
National Broadband Plan Expenditure and Related Matters (10 Feb 2022)

Jennifer Carroll MacNeill: The demand was very obvious to the State, the Government and Deputies throughout the House. It was very clear demand and it has increased since then.

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 29 - Environment, Climate and Communications
National Broadband Plan Expenditure and Related Matters (10 Feb 2022)

Jennifer Carroll MacNeill: I wish to check something. Did Mr. Hendrick say that Price Waterhouse Cooper, PwC, is working for NBI?

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 29 - Environment, Climate and Communications
National Broadband Plan Expenditure and Related Matters (10 Feb 2022)

Jennifer Carroll MacNeill: Internal auditor.

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 29 - Environment, Climate and Communications
National Broadband Plan Expenditure and Related Matters (10 Feb 2022)

Jennifer Carroll MacNeill: Going back to shareholders, are we talking about shareholders exiting at this point in the contract? Is that correct?