Results 8,421-8,440 of 34,618 for speaker:Seán Fleming
- Public Accounts Committee: Business of Committee (17 Jan 2019)
Seán Fleming: The reason the Deputies and I have been following this issue is that I am confused by the terminology. In document No. 1795 reference is made to the rationale for the State’s purchase of a €200 million stake in Enet:The Irish Infrastructure Fund, a domestic pension fund manager established by Irish Life Investment Managers, purchased a 78% shareholding in enet in 2017. [They...
- Public Accounts Committee: Business of Committee (17 Jan 2019)
Seán Fleming: Yes, the Irish Infrastructure Fund. One would almost think it was a State organisation with that name they put on it, which is confusing. I see in public documentation that the Irish Infrastructure Fund has regularly stated that it is a State-backed investment. I took this to mean that the State had a shareholding. I thought that our correspondence from the committee was to know what...
- Public Accounts Committee: Business of Committee (17 Jan 2019)
Seán Fleming: But it is not a shareholding.
- Public Accounts Committee: Business of Committee (17 Jan 2019)
Seán Fleming: The contract was a joint venture-----
- Public Accounts Committee: Business of Committee (17 Jan 2019)
Seán Fleming: Do we know do if the Ireland Strategic Investment Fund has any shareholding in the Irish Infrastructure Fund? I would like clarification on that point. That was my first question. I have read different phraseology around it, and if one was reading over it one might not pick up on the subtleties of what is there.
- Public Accounts Committee: Business of Committee (17 Jan 2019)
Seán Fleming: I want a meaningful answer. The Ireland Strategic Investment Fund, ISIF, could answer my question as to whether it has a shareholding or not at the click of a finger. It is probably published.
- Public Accounts Committee: Business of Committee (17 Jan 2019)
Seán Fleming: I want an immediate answer to that shareholding question. It can be given at a moment's notice; we should be able to get it well before next week's meeting.
- Public Accounts Committee: Business of Committee (17 Jan 2019)
Seán Fleming: This is an issue of a State body investing in-----
- Public Accounts Committee: Business of Committee (17 Jan 2019)
Seán Fleming: We invest for return, not to own.
- Public Accounts Committee: Business of Committee (17 Jan 2019)
Seán Fleming: Yes, that is correct.
- Public Accounts Committee: Business of Committee (17 Jan 2019)
Seán Fleming: We might not be able to clear all of our correspondence; we will discuss it for just a few moments. Correspondence No. 1816 B is from the National Treasury Management Agency, providing information requested. I have just mentioned that item. No. 1817 B is from Mr. William Beausang, assistant secretary, Department of Education and Skills, dated 18 December 2018 concerning the issues...
- Public Accounts Committee: Business of Committee (17 Jan 2019)
Seán Fleming: Would the Deputy like to speak now or next week?
- Public Accounts Committee: Business of Committee (17 Jan 2019)
Seán Fleming: The Deputy would like a breakdown of the costs involved in procuring the platform, trackways, fencing-----
- Public Accounts Committee: Business of Committee (17 Jan 2019)
Seán Fleming: Perhaps the OPW could provide details about the multiple suppliers whose costs were €2 million or more, and perhaps provide a list. I do not want to go into too much detail.
- Public Accounts Committee: Business of Committee (17 Jan 2019)
Seán Fleming: As a second request, we could ask about the multiple suppliers. Many items have been combined to reach €2 million. We will ask that the OPW provides us with a breakdown of any individual company that received over €50,000. That should not be too difficult; there cannot be too many of them. We will ask the OPW for the information requested by Deputy Catherine Murphy. The...
- Public Accounts Committee: Business of Committee (17 Jan 2019)
Seán Fleming: Only the Secretary General of the Department of Transport, Tourism and Sport is accountable to us on this. I presume we could consider writing to seek confirmation from the Department regarding payments to the sporting organisation concerned, the GAA, and that it is satisfied that the moneys it has allocated from public funds have been properly accounted for. We cannot get involved with the...
- Public Accounts Committee: Business of Committee (17 Jan 2019)
Seán Fleming: Should we write to the Department or to Sport Ireland?
- Public Accounts Committee: Business of Committee (17 Jan 2019)
Seán Fleming: I am an officer in the GAA.
- Public Accounts Committee: Business of Committee (17 Jan 2019)
Seán Fleming: Or if there was any basis to any of it.
- Public Accounts Committee: Business of Committee (17 Jan 2019)
Seán Fleming: Will we send a copy of this correspondence to the Accounting Officer and ask him to-----