Results 8,921-8,940 of 35,132 for speaker:Seán Fleming
- Public Accounts Committee: Business of Committee (17 Jan 2019)
Seán Fleming: There are two points there and the point the Deputy raises now is on the earlier letter, which was the metropolitan area network and Enet getting an extension to its maintenance contract.
- Public Accounts Committee: Business of Committee (17 Jan 2019)
Seán Fleming: I will now go back to the earlier document No. 1795. There are three documents touching on the same organisation, namely, the Ireland Strategic Investment Fund, ISIF. On the rationale for extending maintenance of metropolitan area network contract with Enet, the earlier document stated:Enet was awarded the first Concession Agreement for an initial 15 year term in July 2004. In July 2009,...
- Public Accounts Committee: Business of Committee (17 Jan 2019)
Seán Fleming: Yes, I am sorry, I am referring to No. 1795 because the Deputy mentioned this earlier and the Ireland Strategic Investment Fund is mentioned across three different items of correspondence today. Perhaps members could take time to read that and we could come back to it.
- Public Accounts Committee: Business of Committee (17 Jan 2019)
Seán Fleming: Can we agree to put this item on the agenda for the next meeting?
- Public Accounts Committee: Business of Committee (17 Jan 2019)
Seán Fleming: I have read it. It is item No. 1795. Rather than getting into it now - there is information there that we had glanced over earlier - but maybe it would be helpful if people had an opportunity to read it in more detail.
- Public Accounts Committee: Business of Committee (17 Jan 2019)
Seán Fleming: It is No. 1795 item part 2-----
- Public Accounts Committee: Business of Committee (17 Jan 2019)
Seán Fleming: It is the second item. It is No. 1795(ii)(B), which is the 14-page briefing note.
- Public Accounts Committee: Business of Committee (17 Jan 2019)
Seán Fleming: Yes. No. 1816.
- Public Accounts Committee: Business of Committee (17 Jan 2019)
Seán Fleming: I think we will come back to this topic the next day. The committee has to write to the Ireland Strategic Investment Fund to know what investment was made. I am aware it provided investment of €250 million-----
- Public Accounts Committee: Business of Committee (17 Jan 2019)
Seán Fleming: That is only on a commercial basis, not on an ownership basis.
- Public Accounts Committee: Business of Committee (17 Jan 2019)
Seán Fleming: It is a finance advance. We are interested to know what its ownership is.
- Public Accounts Committee: Business of Committee (17 Jan 2019)
Seán Fleming: What is the IIF?
- Public Accounts Committee: Business of Committee (17 Jan 2019)
Seán Fleming: What are-----
- Public Accounts Committee: Business of Committee (17 Jan 2019)
Seán Fleming: They are not a shareholder.
- 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.