Seanad debates
Tuesday, 17 December 2002
National Development Finance Agency Bill, 2002: Committee and Remaining Stages.
I am not sure how this section of the Bill will work and I would like the Minister of State to explain it to the House. The expert agency that is being established in this Bill will give financial advice to local authorities and Departments about the commencement of PPPs. How will the agency be able to give financial advice to a company that is tendering for a contract for a group water scheme or a sewerage scheme? How will the agency's advice be of benefit? Each company will tender independently and will claim that it has made the best proposal in terms of finance, maintenance and so on. Advice will be received from the National Development Finance Agency only after the tenders have been received. I do not know when the agency will become involved.
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