Written answers

Tuesday, 27 June 2006

Department of Finance

Departmental Guidelines

11:00 pm

Photo of Enda KennyEnda Kenny (Mayo, Fine Gael)
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Question 274: To ask the Minister for Finance if all commercial semi-State bodies are subject to his Department's Guidelines for the Appraisal of Capital Expenditure Projects which affects all capital projects valued at over €30 million; if not, the bodies which are exempt from these guidelines; the reason thereof; and if he will make a statement on the matter. [24730/06]

Photo of Brian CowenBrian Cowen (Laois-Offaly, Fianna Fail)
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The Guidelines for the Appraisal and Management of Capital Expenditure Proposals in the Public Sector, as amended by my Department's Value for Money Circular Letter of 26 January 2006, apply, as appropriate, to all semi-State bodies which are expected to ensure that best practice is applied in assessing the commercial viability of all major projects. The guidelines state that the Board of each State Company must satisfy itself annually that the company is in full compliance with the guidelines.

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