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Public Accounts Committee: National Transport Authority - Financial Statement 2011 (24 Jan 2013)

Mr. Gerry Murphy: We have set aside €2.5 million this year, pending a successful negotiation. The phased extension down to the docklands and to Heuston Station will cost somewhere in the order of €5 million but we can only provide €2.5 million this year. We have set aside that figure-----

Public Accounts Committee: National Transport Authority - Financial Statement 2011 (24 Jan 2013)

Mr. Gerry Murphy: Yes. It was paid through us as a subsidy of €31 million and €5 million.

Public Accounts Committee: National Transport Authority - Financial Statement 2011 (24 Jan 2013)

...we had to look at whether we were over-compensating the company for the services it provided. The net effect at the end of 2012 was that Irish Rail’s operational deficit for 2012 was still €22 million. The deficit of Dublin Bus was approximately €7 million for 2012. We made a payment of €31 million to Irish Rail from the additional subsidy that was provided....

Public Accounts Committee: National Transport Authority - Financial Statement 2011 (24 Jan 2013)

Eoghan Murphy: ...will pose massive operational difficulties. At the same time, I recognise that all of the cards are in JCDecaux's hands here because it operates the existing scheme. To return to the figure of €5 million, the NTA will provide that money for the roll-out of the additional stations and so forth. Is that correct?