Alan Shatter (Dublin South, Fine Gael)
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Question 49: To ask the Minister for Arts, Sport and Tourism the estimated cost of the National Conference Centre; and if he will make a statement on the matter. [25599/07]

Séamus Brennan (Dublin South, Fianna Fail)
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On 5 April last, the contract for the provision of a National Conference Centre in Dublin was awarded to Spencer Dock Convention Centre Dublin Ltd. Under the public private partnership arrangement, Spencer Dock Convention Centre Dublin Ltd, is required to design, build and finance the National Conference Centre and to operate and maintain it for a period of 25 years, after which the facility will revert to the State. In return, once the construction of the Centre is complete and it is open for business, the State will pay the Company an annual charge, the maximum total cost of which over 25 years will be just under €380m in present day values.