Joan Burton (Dublin West, Labour)
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Question 277: To ask the Minister for Finance further to Question No. 128 of 22 September 2009, the financial and budgetary implications of contracts concluded by the National Treasury Management Agency with companies (details supplied) in respect of advisory services; the expected cost of each of these contracts for 2009 and 2010; and if he will make a statement on the matter. [33478/09]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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As the Deputy will be aware, in the setting up of NAMA, the NTMA issued a number of tenders in May 2009 through the procurement website www.etenders.gov.ie to procure banking/financial advisory and legal advisors. Arthur Cox was awarded the legal mandate and HSBC were awarded the banking\advisory mandate. In July 2009, the NTMA issued a tender to procure general banking advisors in relation to the whole financial system through the procurement website www.etenders.gov.ie and Rothschilds were awarded this mandate to 30 June 2010. All contracts were issued under my direction.

It is the policy of the NTMA not to publicly disclose the value of individual contracts awarded. However, for 2009, the costs in total are expected to be €1.3m and in 2010 the costs are expected to be of a similar amount.