Seanad debates
Tuesday, 17 December 2002
National Development Finance Agency Bill, 2002: Committee and Remaining Stages.
Senator Paddy Burke's question on group water schemes highlights a good example of how the NDFA adds a new and necessary dimension for project development. The NDFA can advise the project managers of the best financing mechanism to deliver the scheme and, if it is the best value for money, provide funding direct or through a special purpose company. The question was raised as to what they can do for various group schemes. A special purpose company can finance them if that is relevant, prudent and practical. The advice will be provided, not to the tenderers, but to the bodies delivering the project. That will meet the needs of the users by putting in place a financially viable project and give much better value to the people.
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