Seanad debates

Thursday, 17 October 2002

Digital Hub Development Agency Bill, 2002: Second Stage.

 

The analysis done originally by the Comptroller and Auditor General was in the context of the Department of the Taoiseach which had overall responsibility for this area, and subsequently the Department of Public Enterprise, which is now the Department of Communications, the Marine and Natural Resources. Over that period of time a great deal of funding has been spent. At one stage DMDL requested £150 million, which has now risen to over €180 million, for property acquisition. That was a significant amount to spend on property, admittedly in the Thomas Street area which was in need of economic regeneration, but we all know that when the State is interested in any property there is a natural impetus for the amount requested for that property to increase. It is all very fine investing in property, but in this case we will have to resort to a public private partnership to refurbish the properties purchased.

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