Written answers

Thursday, 20 February 2014

Department of Transport, Tourism and Sport

Road Tolls

Photo of Noel HarringtonNoel Harrington (Cork South West, Fine Gael)
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246. To ask the Minister for Transport, Tourism and Sport the dividends paid out to each of the partners involved in the East Link bridge for each of the past 29 years; and if he will make a statement on the matter. [8645/14]

Photo of Leo VaradkarLeo Varadkar (Dublin West, Fine Gael)
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The East Link toll bridge was opened in October 1984.  It was built on foot of an agreement between Dublin City Council and NTR and therefore my Department was not a party to the agreement. Under agreements dated the 16 March 1983 and 24 November 1983, the latter being in consideration for the loss of limited berthage and the disposal of certain lands, Dublin Port Company acquired the right to participate in the future profits of the Toll Scheme for a period of 25 years from the date on which the building costs were finally discharged or until 31 December 2015, whichever date first occurs. The appropriate date, therefore, is 31 December 2015. Under these aforementioned agreements it is my understanding that Dublin Port Company received €1.1million for each of the years 2012 and 2011 for example. The figures are disclosed in the Company’s publically available annual accounts.

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