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Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Public Private Partnerships (23 Apr 2024)

Rose Conway-Walsh: There is no transparency around these contracts, even long after the deals have been signed, so we have to ask where the oversight and accountability are. When the Minister had this portfolio in 2017, the IMF recommended Ireland reduce the sums Departments could spend on PPP contracts. Departments are not supposed to spend more than 10% of the capital budget, as the Minister knows, on...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Public Private Partnerships (23 Apr 2024)

Paschal Donohoe: ...allow the public sector to avail of private sector expertise and innovation and that the private partner assumes responsibility for a considerable portion of the risk. PPP contracts tend to be long-term arrangements, typically spanning 25 years or more after construction. They can be design, build, finance and maintain, DBFM, projects; design, build, finance, operate and maintain,...

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