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Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report
(20 Sep 2018)

Alan Kelly: I asked that question at the beginning, but Mr. Daly said that there had been no discussions.

Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report
(20 Sep 2018)

Alan Kelly: Just for clarity so that the witnesses can answer fully, did NAMA have any discussion with any human being on the Earth regarding this matter? I am not being facetious. I just need to cover this. Information is provided to us as Deputies, we hear things and so on. We come in here and ask questions because we sometimes get misinformation and people have agendas. I just want clarity. Who,...

Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report
(20 Sep 2018)

Alan Kelly: What did that stand for?

Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report
(20 Sep 2018)

Alan Kelly: Does Mr. McDonagh mean Housing Agency or departmental officials?

Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report
(20 Sep 2018)

Alan Kelly: Agreed.

Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report
(20 Sep 2018)

Alan Kelly: On what date was that?

Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report
(20 Sep 2018)

Alan Kelly: I do not expect Mr. McDonagh to know off the top of his head, but he might furnish the committee with information on the date, who attended, its duration and so on.

Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report
(20 Sep 2018)

Alan Kelly: I thank Mr. McDonagh. His answer has been helpful. Was that the only discussion that anyone in NAMA had with anyone on what was potentially to happen? I presume that the NRDA gravitated towards what became-----

Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report
(20 Sep 2018)

Alan Kelly: I agree.

Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report
(20 Sep 2018)

Alan Kelly: Speaking as a former Minister, I believe that what Mr. McDonagh suggested was deadly accurate. It is almost certain that the NRDA gravitated towards what has since been announced. Can I take it as a given that no one in NAMA had any other discussion on this matter?

Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report
(20 Sep 2018)

Alan Kelly: I thank the witnesses. That was helpful. I have two final questions. Strategic development zones, SDZs, have been mentioned and were outlined in NAMA's letter. Regarding a number of other sites, it is inexplicable that NAMA hit certain roadblocks getting them to the development stage. The example of the Dublin docklands was given. It has pushed on to 61%. The Poolbeg site situation...

Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report
(20 Sep 2018)

Alan Kelly: I do not want to take up too much time, as I have a further question. I just want to isolate whether there has been anything unreasonable.

Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report
(20 Sep 2018)

Alan Kelly: This is Mr. McDonagh's opportunity to say if there has been. Otherwise, everyone is behaving reasonably.

Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report
(20 Sep 2018)

Alan Kelly: That is an interesting observation and many people watching will take much from it. Will Mr. McDonagh give examples?

Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report
(20 Sep 2018)

Alan Kelly: Mr. McDonagh specifically stated that local authorities did not have the funding.

Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report
(20 Sep 2018)

Alan Kelly: Could he provide an example? It is not a traffic light issue.

Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report
(20 Sep 2018)

Alan Kelly: I notice that Mr. McDonagh is reticent to name a site or local authority.

Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report
(20 Sep 2018)

Alan Kelly: Why is that?

Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report
(20 Sep 2018)

Alan Kelly: As Mr. McDonagh is reticent to name a site or local authority, I will. What about the Player Wills site? It is an incredible site that I know well. It covers 4.32 ha and has been vacant for more than a decade. I know NAMA's remit, I explain it to people from time to time and I know how strict its mandate is, but to the public leaving that acreage in a prime location with access to...

Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report
(20 Sep 2018)

Alan Kelly: I respect the legal obligations and the situation NAMA is left in. I know NAMA's mandate off by heart. Having said that, it is robbing Peter to pay Paul from the public's perspective because of the economies that would be created by DCC having this site for affordable and cost-rental housing. It will cost the State more by going down this route. I know state aid rules well. I went...

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