Leo Varadkar (Dublin West, Fine Gael)
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Question 442: To ask the Minister for the Environment, Heritage and Local Government the new State-owned companies that have been established or have come under the aegis of his Department since 2007 and the annual turnover in each case; and if he will make a statement on the matter. [37584/10]

John Gormley (Dublin South East, Green Party)
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In 2010 year I approved the establishment of Housing and Sustainable Communities Ltd., as a subsidiary of the National Building Agency, principally to manage land transferred to the company by local authorities under the Land Aggregation Scheme. Under the terms of the scheme, the land is transferred to HSC Ltd after the local authority redeems the loan from the Housing Finance Agency. There is no turnover associated with the Company in 2010.