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Results 1-5 of 5 for nama segment:8336840

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 26 - Education
2018 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 7 - Purchase of Sites for School Provision
2019 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 8 - Management of the Schools Estate
(7 Jul 2022)

Catherine Murphy: I will ask about a local issue. It was on the list to acquire a site. There are three schools on one campus inDonaghcumper in Celbridge. This was all under the National Asset Management Agency, NAMA. There was some progress on acquiring the site quite recently. I talked to the Department about the demographics in north Kildare. There will be a pinch point next year with regard to the...

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 26 - Education
2018 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 7 - Purchase of Sites for School Provision
2019 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 8 - Management of the Schools Estate
(7 Jul 2022)

...fully aware of that pinch point. It is a key priority for us in the Department to deliver on those schools. We have an agreement in principle in terms of the site. As the Deputy said, there was NAMA involvement. It took a while to get it over the line. We have been looking at our best delivery mechanisms to deliver on that project. It will be a major campus project and it will be...

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 26 - Education
2018 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 7 - Purchase of Sites for School Provision
2019 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 8 - Management of the Schools Estate
(7 Jul 2022)

Catherine Murphy: One aspect of NAMA's remit was that in the case of assets that were owned, which may well have been distressed assets but they were owned or the debt at least was owned, there could be an opportunity for community value or State value.

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 26 - Education
2018 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 7 - Purchase of Sites for School Provision
2019 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 8 - Management of the Schools Estate
(7 Jul 2022)

Catherine Murphy: That was in NAMA right from the word go. Why did it take so long to get a site that could have been used for that? It is in a good location. There is no doubt about the need. Is there a reason why it would have taken so long to get to the point where that could be used for educational purposes?

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 26 - Education
2018 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 7 - Purchase of Sites for School Provision
2019 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 8 - Management of the Schools Estate
(7 Jul 2022)

Mr. Hubert Loftus: To be honest, I do not know the history of the individual project in terms of the time it took to work through NAMA, to what extent there was developer involvement or not that NAMA was using as leverage or things like that. I do not know the full details. At a more general level, the Department would have been looking at all opportunities for getting sites as quickly as...

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