Phil Hogan (Carlow-Kilkenny, Fine Gael)
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Question 89: To ask the Minister for Transport if a memorandum of understanding has been finalised between his Department and Irish Rail; the main terms of this memorandum; when it will be published; and if he will make a statement on the matter. [21162/05]

Martin Cullen (Waterford, Fianna Fail)
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Discussions are ongoing with Irish Rail regarding the finalisation of the company's revised memorandum of understanding, MOU, between the Department and the company.

The revised MOU, as well as accounting for public expenditure, will provide a reporting structure for performance indicators from the company. The MOU will contain targets on service quantity and quality as well as detailed financial reporting requirements. Failure to meet the targets agreed will be discussed in the context of the company accounting for subvention and the level of subvention to be allocated for future years. It is hoped that the final document will be ready for presentation to the Government in July.