Seanad debates

Tuesday, 17 December 2002

National Development Finance Agency Bill, 2002: Committee and Remaining Stages.

 

This amendment reflects expressions made by Senators during the debate on Second Stage regarding the possibility of private companies withdrawing from public private partnerships or suffering financial difficulties and being unable to maintain their part of the partnership. If, for example, a hospital was built by a public private partnership and was subsequently unprofitable, which caused the private partner to withdraw, what would the Government do? This amendment is intended to take account of such a possibility.

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