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Public Accounts Committee: Business of Committee (22 Jan 2015)

Joe Costello: The financial statements of the Dublin Docklands Development Authority.

Public Accounts Committee: Business of Committee (22 Jan 2015)

Joe Costello: That is fine.

Mother and Baby Homes Commission of Investigation: Motion (Resumed) (21 Jan 2015)

Joe Costello: I welcome the Minister. I welcome the initiative he has introduced and am glad to have the opportunity to speak on the motion on the draft order for the commission of investigation into mother and baby homes. The terms of reference are not perfect by any means. In fact, they make it quite clear that this is not the final word on the issue of the treatment of mothers and babies in this...

Written Answers — Department of Justice and Equality: Language Schools Accreditation (20 Jan 2015)

Joe Costello: 340. To ask the Minister for Justice and Equality the requirements for language schools in view of the recent court ruling on language school accreditation; and if she will make a statement on the matter. [2651/15]

Written Answers — Department of Education and Skills: Language School Accreditation (20 Jan 2015)

Joe Costello: 532. To ask the Minister for Education and Skills the requirements for language schools in view of the recent court ruling on language school accreditation; and if she will make a statement on the matter. [2650/15]

Written Answers — Department of Children and Youth Affairs: Mother and Baby Homes Inquiries (14 Jan 2015)

Joe Costello: 488. To ask the Minister for Children and Youth Affairs if he will make arrangements for the exhumation of a child (details supplied) in order to determine cause of death and based on the evidence uncovered, if he will include the case in the inquiry into mother and baby homes; and if he will make a statement on the matter. [49480/14]

Written Answers — Department of Environment, Community and Local Government: Local and Community Development Programme (14 Jan 2015)

Joe Costello: 881. To ask the Minister for Environment, Community and Local Government if he will establish a north inner city partnership; and if he will make a statement on the matter. [49481/14]

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

Joe Costello: That is certainly most welcome. NAMA is open to engagement with the relevant Department, be it the Department of Education and Skills or the Department of Jobs, Enterprise and Innovation. Is it also open to engagement with the local community in terms of its directly expressed needs?

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

Joe Costello: Apprenticeships, for example, would be very valuable, as would training and building for the future. This was missed out on within the remit and regime of the Dublin Docklands Development Authority. It would be a shame to miss out on it at this time.

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

Joe Costello: One would not want to limit it to Dublin City Council, as it might not have the same sense of urgency about it. We can look at it in a broader context involving the relevant agencies, the relevant Departments and the local community, if those concerned find it agreeable. I am sure it is desired greatly in the area affected.

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

Joe Costello: Has it affected Mr. McDonagh or NAMA in doing their work?

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

Joe Costello: I wish to explore one other matter, namely, the strategic development zone, SDZ, which is located in the docklands and encompasses North Lotts and the Grand Canal Basin. This is a new departure. NAMA will be embarking on joint ventures in the context of development. The witnesses have referred to the fact that there are 3.5 million sq. ft. of property and office space in the SDZ. They...

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

Joe Costello: It is located within the geographical area of the SDZ.

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

Joe Costello: I accept that it is not a NAMA site as such.

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

Joe Costello: When is it expected that NAMA will take over from the Dublin Docklands Development Authority in the area in question?

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

Joe Costello: I will come to that matter separately. Does Mr. Daly agree that, because of the existence of the SDZ, it is fair to presume the value of the property in the general geographical area will increase in value?

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

Joe Costello: Mr. McDonagh has indicated that there was an enormous increase in property values between 2012 and 2014. Surely the existence of the SDZ will further enhance the value of property.

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

Joe Costello: On the social dimension, Mr. Daly has indicated that NAMA is engaged with local developers and that there are other aspects involved. NAMA is obliged to obtain on behalf of the State the best economic return on the impaired assets for which it is responsible. However, in the context of the social dimension, there is an expectation that there will be a social dividend from the work in which...

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

Joe Costello: I welcome the delegation from NAMA. Five years ago this month when we were debating the legislation in the House many had reservations as to whether NAMA would be a success and if it could achieve what was intended. Its presentation and the work that has been done indicates that it has achieved much in the past five years. Its approach was probably right that it would start with the UK...

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

Joe Costello: Does NAMA expect to have a surplus by 2018?

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