Willie Penrose (Longford-Westmeath, Labour)
Link to this: Individually | In context | Oireachtas source

178. To ask the Minister for Communications, Climate Action and Environment the date on which changes to clawback arrangements of MANS enhancements were adopted; if the new arrangements were applied retrospectively from the date of adoption; if there is or likely to be a net cost to the State from this change; and if he will make a statement on the matter. [9014/18]

Denis Naughten (Roscommon-Galway, Independent)
Link to this: Individually | In context | Oireachtas source

New clawback arrangements in respect of enhancements to the MANs under the MSE I Concession Agreement were agreed with the concessionaire on 15 March 2017.  The clawback period was reduced from the final ten years to the final five years of the Concession Agreement, which is due to expire in March 2030. 

The purpose of the clawback arrangements is to incentivise ongoing enhancement of the MANs infrastructure by the concessionaire in the final years of the MSE Agreement.  The payments under the clawback provisions will fall due at the expiry of the MSE I Agreement in 2030, and there should be a net benefit to the State from the reduction of the clawback period from ten to five years.