Seanad debates
Tuesday, 17 December 2002
National Development Finance Agency Bill, 2002: Committee and Remaining Stages.
Martin Mansergh (Fianna Fail)
The Minister of State hit the nail on the head in his reply. There is a conflict of interest between the functions of the two agencies. It is important to stress that we all support pensions fund money going into infrastructure where it will get a good return for the pensions fund. The trustees must make that decision and must not have the decision made for them by the NDFA. There is a fundamental flaw in the amendment.
Amendment put and declared lost.
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