Eamon Gilmore (Dún Laoghaire, Labour)
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Question 98: To ask the Minister for Finance if the revised National Asset Management Agency business plan will provide a more realistic assessment of the likely cost of fees and expenses for which an annual amount of €240 million was foreseen in the original draft business plan; and if he will make a statement on the matter. [11639/10]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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The figures included in the draft Business Plan last October were indicative figures and were estimated before conclusion of tendering processes for the various services required by NAMA. I would expect that costs will be reviewed by the NAMA Board and that the estimates provided in the draft Business Plan will be updated in any revised version of the Plan. I should point out that costs arising in 2010 from the due diligence process currently under way are recoverable from the participating institutions. I understand also that, due to the very competitive pricing submitted as part of the various tenders, costs are likely to be substantially less than originally envisaged. I am advised by NAMA that the NAMA Board proposes to publish a revised Business Plan by the 30th June 2010.