Barry Cowen (Laois-Offaly, Fianna Fail)
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94. To ask the Minister for Finance further to acknowledgement in respect of a bond holder (details supplied) to instruct AIB Bank and its relevant engineering contractor to honour its commitment under the relevant legislation to complete outstanding works as agreed with Offaly County Council, the delay to date in this regard has led to safety concerns for residents and questions over the public liability should there be a claim against same; Offaly County Council has had numerous promises from AIB to carry out necessary works in the past 12 months; and if he, as a majority shareholder on behalf of the taxpayer will insist that this work is carried out forthwith. [8503/14]

Michael Noonan (Limerick City, Fine Gael)
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Due to reasons of client confidentiality, AIB is limited in what can be disclosed in respect of individual cases. In all cases AIB is committed to supporting its cooperative clients in the appropriate remediation of Unfinished Housing Developments.

However AIB has informed me that its representatives are in dialogue with Offaly County Council in respect of bond works. Engagement has taken place between AIB's engineer and the local authority planning officials to jointly determine the precise schedules of work that require completion.  A joint site inspection of the subject site with Offaly County Council and AIB's engineer was carried out on the 4th September 2013 where a number of requests were made by Council Officials and acknowledged by the engineer. Since that time costings have been finalised in respect of the Bond works and other works outside the remit of the Bond.

Without the consent of our Borrowers AIB is curtailed from entering any site to directly remediate the Bond works. In these cases AIB continues to exert pressure in accordance with the Unfinished Housing Code of Conduct for developer cooperation.