Timmy Dooley (Clare, Fianna Fail)
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266. To ask the Minister for Transport, Tourism and Sport if CIÉ has breached any of its loan covenants in the course of 2013; and if he will make a statement on the matter. [20667/13]

Leo Varadkar (Dublin West, Fine Gael)
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CIÉ has not breached any of its loan covenants in the course of 2013.  CIÉ is currently in the process of renewing its banking facilities, at an increased level and on a long term basis, and I understand that this process is progressing well.  I recently consented to the extension of the current facilities, with the approval of the Minister for Public Expenditure and Reform, as required under section 28 of the Transport Act 1950. This extension was arranged to maintain CIÉ's current banking arrangements pending the finalisation of the long term renewal of its banking facilities.