Seanad debates

Tuesday, 17 December 2002

National Development Finance Agency Bill, 2002: Second Stage.

 

In order to assess the optimal means of financing projects, NDFA will acquire the expertise to assess the relative merits of different project structures. Prospectuses and invitations to tender will make it clear that NDFA will be involved in assessing and advising on proposals and where appropriate will reserve the right of the relevant State authority to accept or reject any particular financing package or perhaps instead to utilise funds provided by NDFA. The objective will be to ensure overall best value for money and to encourage the maximum private sector involvement in financing projects. Continued private sector involvement will be a measure of success for NDFA.

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