Brian O'Shea (Waterford, Labour)
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Question 488: To ask the Minister for Defence his proposals to restore the [i]Asgard II[/i]; and if he will make a statement on the matter. [39250/08]

Willie O'Dea (Limerick East, Fianna Fail)
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I would hope that Asgard II could be successfully salvaged and restored so that she can continue to carry out the sail-training role that she has performed with distinction at home and abroad for the past 27 years. We are working closely with the insurers, Allianz, on the question of salvage and they are in the process of examining tenders in this regard at the moment. As soon as the outcome of the tender competition is available, a definite decision will be made as to whether to proceed with a salvage operation. The question of restoration will depend on the success of the salvage operation.