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Written Answers — Department of Education and Skills: Schools Building Projects (4 Oct 2016)

Josepha Madigan: 196. To ask the Minister for Education and Skills when construction of a new school building, approved in 2012, will commence (details supplied); and if he will make a statement on the matter. [28591/16]

Public Accounts Committee: Business of Committee (29 Sep 2016)

Josepha Madigan: Was NAMA offering this meeting to everybody or just to certain individuals?

Public Accounts Committee: Business of Committee (29 Sep 2016)

Josepha Madigan: Yes.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

Josepha Madigan: I thank Mr. McCarthy for his forbearance thus far. I know that this is difficult, but the committee has a duty to probe the report a little further. We appreciate his patience. Mr. McCarthy's report suggests the sale of assetsen masseresulted in significant losses for the National Asset Management Agency. We know this in hindsight. From my perspective, it seems there is general acceptance...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

Josepha Madigan: In those circumstances, Mr. McCarthy should be afforded the opportunity to respond to NAMA's-----

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

Josepha Madigan: I thank the witnesses for being here today. We appreciate their taking the time to do so. I was struck earlier by Mr. Daly's statement that running a commercial entity involves making commercial decisions. That is all fine and well if it is the local sale of work but in this instance we are speaking about NAMA. I find it very difficult to listen to what Mr. Daly and Mr. McDonagh are saying...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

Josepha Madigan: Is it correct that the asset recovery section of NAMA agreed the valuations or approved the portfolio?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

Josepha Madigan: Does Mr. Daly think there would be a different outcome or different conclusions if another auditor had compiled this report?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

Josepha Madigan: Is Mr. Daly saying that the Comptroller and Auditor General did not have the experience to compile this report at all.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

Josepha Madigan: That is Mr. Daly's view.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

Josepha Madigan: I appreciate that but, at the same time, Mr. Daly can appreciate that what he is saying is the office did not have the necessary skills set to say anything about the-----

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

Josepha Madigan: We have gone through much of that.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

Josepha Madigan: I have only a few more questions. How does NAMA respond to interested parties regarding the lack of information and time to consume what is available in respect of the bidding process? Does Mr. Daly accept the resulting concerns about competitiveness?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

Josepha Madigan: Yes. With regard to the Northern Ireland advisory committee, can Mr. Daly confirm whether it was Sammy Wilson who appointed Mr. Cushnahan to the role?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

Josepha Madigan: We have gone into the minutiae in respect of the difference of opinion and some of my colleagues have asked Mr. Daly whether he accepts that NAMA has engaged in any wrongdoing with Project Eagle. He said, "None whatsoever".

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

Josepha Madigan: It is difficult for the taxpayer to hear that in light of the Comptroller and Auditor General's report.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

Josepha Madigan: So Mr. Daly thinks there was wrongdoing with the-----

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

Josepha Madigan: Is there anything Mr. Daly wants to say to the public?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

Josepha Madigan: Notwithstanding the sale being expedited, Mr. Daly maintains NAMA got good value for money.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

Josepha Madigan: Would Mr. Daly have done anything differently?

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