Results 9,201-9,220 of 34,616 for speaker:Seán Fleming

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 29 - Department of Communications, Climate Action and Environment
Chapter 8 - Measures relating to Cyber Security
Chapter 9 - Energy Efficiency National Fund (6 Dec 2018)

Seán Fleming: What happens at the end of 25 years?

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 29 - Department of Communications, Climate Action and Environment
Chapter 8 - Measures relating to Cyber Security
Chapter 9 - Energy Efficiency National Fund (6 Dec 2018)

Seán Fleming: Will Mr. Ó hÓbáin refer to this again because I have a follow-up question about it?

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 29 - Department of Communications, Climate Action and Environment
Chapter 8 - Measures relating to Cyber Security
Chapter 9 - Energy Efficiency National Fund (6 Dec 2018)

Seán Fleming: What do you mean by that? You said the bidder is the owner.

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 29 - Department of Communications, Climate Action and Environment
Chapter 8 - Measures relating to Cyber Security
Chapter 9 - Energy Efficiency National Fund (6 Dec 2018)

Seán Fleming: If the private company or the consortium owns the fibre that is going to everybody's front door, I do not understand how the State will own the business of providing the broadband.

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 29 - Department of Communications, Climate Action and Environment
Chapter 8 - Measures relating to Cyber Security
Chapter 9 - Energy Efficiency National Fund (6 Dec 2018)

Seán Fleming: Or walk away.

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 29 - Department of Communications, Climate Action and Environment
Chapter 8 - Measures relating to Cyber Security
Chapter 9 - Energy Efficiency National Fund (6 Dec 2018)

Seán Fleming: In other words, the contract includes a buy back at the valuation of the fibre network at the end of 25 years. That is the impression I am getting. If the company continues it further, it continues to own it for another ten years. If it chooses not to do that, you are saying the State buys back the product. This leads to my follow-up question. In public private partnerships, PPPs, the...

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 29 - Department of Communications, Climate Action and Environment
Chapter 8 - Measures relating to Cyber Security
Chapter 9 - Energy Efficiency National Fund (6 Dec 2018)

Seán Fleming: It would be too late then. The contract will not be published. They never publish a PPP contract around here. "Commercial sensitivity" is the most common phrase. I would be stunned if officials did not quote that back to us.

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 29 - Department of Communications, Climate Action and Environment
Chapter 8 - Measures relating to Cyber Security
Chapter 9 - Energy Efficiency National Fund (6 Dec 2018)

Seán Fleming: I want to let the other members in. They must be tired listening to me.

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 29 - Department of Communications, Climate Action and Environment
Chapter 8 - Measures relating to Cyber Security
Chapter 9 - Energy Efficiency National Fund (6 Dec 2018)

Seán Fleming: I have one last question. There was mention of the metropolitan area network system, MANS, in the urban areas, and reinvestment by the company. I said they were not doing it out of the goodness of their hearts and I think Mr. Griffin said it was based on 10% of the gross revenue. Is that correct?

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 29 - Department of Communications, Climate Action and Environment
Chapter 8 - Measures relating to Cyber Security
Chapter 9 - Energy Efficiency National Fund (6 Dec 2018)

Seán Fleming: It is something like that. Somebody mentioned 10%, I think it was Mr. Griffin.

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 29 - Department of Communications, Climate Action and Environment
Chapter 8 - Measures relating to Cyber Security
Chapter 9 - Energy Efficiency National Fund (6 Dec 2018)

Seán Fleming: The reinvestment was required to keep it maintained and up to speed. My question is whether there is going to be an equivalent here to maintain the broadband. Mr. Griffin need not specify a figure, but in respect of what has been done in the MANS to ensure the system continues to be maintained, namely, a percentage of revenue going to maintenance and upkeep, is something similar going to be...

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 29 - Department of Communications, Climate Action and Environment
Chapter 8 - Measures relating to Cyber Security
Chapter 9 - Energy Efficiency National Fund (6 Dec 2018)

Seán Fleming: What verification does the Department do on behalf of the taxpayer to make sure that 10% of gross proceeds are reinvested? Who does that audit?

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 29 - Department of Communications, Climate Action and Environment
Chapter 8 - Measures relating to Cyber Security
Chapter 9 - Energy Efficiency National Fund (6 Dec 2018)

Seán Fleming: The MANS contract provides the Department with the right to access to financial information in respect of the company. Something similar - I am not saying it is the same - is happening-----

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 29 - Department of Communications, Climate Action and Environment
Chapter 8 - Measures relating to Cyber Security
Chapter 9 - Energy Efficiency National Fund (6 Dec 2018)

Seán Fleming: We will be into the beginning of 2019, at least, before a contract will be signed because it is going to take a few months to get to that stage. Given that this all started in 2013, six years will have elapsed between the date the original specifications were drawn up and launched and the signing of the contract. Technology has moved phenomenally in the meantime. If the officials were...

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 29 - Department of Communications, Climate Action and Environment
Chapter 8 - Measures relating to Cyber Security
Chapter 9 - Energy Efficiency National Fund (6 Dec 2018)

Seán Fleming: I will open the floor to other members now. Deputy Catherine Murphy is first. We will take the same sequence as this morning.

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 29 - Department of Communications, Climate Action and Environment
Chapter 8 - Measures relating to Cyber Security
Chapter 9 - Energy Efficiency National Fund (6 Dec 2018)

Seán Fleming: You can have as long as you want once the questions are on topic.

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 29 - Department of Communications, Climate Action and Environment
Chapter 8 - Measures relating to Cyber Security
Chapter 9 - Energy Efficiency National Fund (6 Dec 2018)

Seán Fleming: We should be able to get that information. We will write to the NTMA and ISIF for its shareholding and cost. The NTMA has investments in all sorts of industries and appendices of all of its investments at the back of its book every year.

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 29 - Department of Communications, Climate Action and Environment
Chapter 8 - Measures relating to Cyber Security
Chapter 9 - Energy Efficiency National Fund (6 Dec 2018)

Seán Fleming: It removed its tobacco, munitions and non-ethical investments recently. It publishes a list. It is a very simple point with regard to ISIF.

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 29 - Department of Communications, Climate Action and Environment
Chapter 8 - Measures relating to Cyber Security
Chapter 9 - Energy Efficiency National Fund (6 Dec 2018)

Seán Fleming: It might even be in it. We will ask the secretariat to make immediate contact with ISIF for this information. We hear something is State backed but we have no idea whether that is a 1% shareholding or a 31% shareholding and I would love to know.

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 29 - Department of Communications, Climate Action and Environment
Chapter 8 - Measures relating to Cyber Security
Chapter 9 - Energy Efficiency National Fund (6 Dec 2018)

Seán Fleming: Earlier Mr. Ó hÓbáin said at the end of 25 years if they walk off the pitch, it will be valued and we will buy it back at the value of the product or they can roll it on.