Results 301-320 of 1,066,415 for in 'Dáil debates' OR in 'Committee meetings' (speaker:Rory O'Hanlon OR speaker:Violet-Anne Wynne OR speaker:Éamon Ó Cuív OR speaker:Mairead Farrell OR speaker:James Lawless OR speaker:Brian Stanley OR speaker:Imelda Munster OR speaker:Jennifer Murnane O'Connor OR speaker:Seán Haughey OR speaker:Éamon Ó Cuív14)
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairead Farrell: Will that last €1.25 billion come from borrowing the additional €1.25 to make up the €3.75 billion?
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairead Farrell: It would be an equity contribution. Mr. Coleman said the Land Development Agency can borrow a certain amount, has it borrowed previously?
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairead Farrell: Is Mr. Coleman anticipating borrowing? We know that interest rates are quite high, so is there a plan to borrow?
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairead Farrell: Just for my understanding, if the Land Development Agency is looking to advance those discussions, how long will it take until it is actually borrowing?
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairead Farrell: The Land Development Agency is focusing on the equity capital at the moment rather than the borrowing. Is that correct?
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairead Farrell: It still does seem at the moment from that €5.7 billion identified last year, that there is an identifiable black hole, given the Land Development Agency is talking about borrowing but is not at that stage at the moment.
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairead Farrell: Mr. Coleman has no concerns in terms of the delivery of the Land Development Agency's business plan, despite the €5.7 billion that was identified.
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairead Farrell: Will Mr. Coleman confirm the overwhelming majority of the Land Development Agency's capitalisation is coming from State sources?
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairead Farrell: It is entirely from State sources. My understanding is that the LDA is a commercial State-owned enterprise and that approval had to be granted by the European Commission to grant it off-balance sheet status. Is that correct?
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairead Farrell: Given that the Land Development Agency has yet to turn a profit and is reliant on State financing, does Mr. Coleman have any concern about compliance with state aid rules?
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairead Farrell: There are no concerns at all in the medium- to long-term.
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairead Farrell: My understanding is that the Land Development Agency would need to be returning a profit. It seems Mr. Coleman is unsure as to when the Land Development Agency will be in position to borrow and that we will be looking at continued long-term capitalisation from the Government. Mr. Coleman just mentioned the extra €1.25 billion in funding he expects from Government but we do not know...
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairead Farrell: Okay, the Land Development Agency is on-balance sheet.
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairead Farrell: I thought the Land Development Agency was off-balance sheet.
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairead Farrell: I am a bit concerned in terms of the long-term nature of the funding but we are in a serious housing crisis. As for the land the Land Development Agency has been seeking for the delivery of affordable homes - I am from Galway where we really are looking for affordable homes - lands where homes are delivered directly can be used or it can consider the purchase of affordable homes from...
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairead Farrell: It is €409,000. What is the average cost for the houses purchased from Cairn Homes in Citywest?
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairead Farrell: Is Mr. Coleman sure that capital expenditure is definitely not off-balance sheet?
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairead Farrell: It is definitely my understanding that it is off-balance sheet.
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairead Farrell: Can any of the witnesses confirm that?
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Brian Stanley: Would somebody from the Department explain? Perhaps Mr. O'Sullivan can confirm that? Certainly at least some of the funding was off-balance sheet.