Results 341-360 of 1,101,419 for in 'Dáil debates' OR in 'Committee meetings' (speaker:Chris Andrews OR speaker:Denis Naughten OR speaker:Kieran O'Donnell OR speaker:Norma Foley OR speaker:Ivana Bacik OR speaker:Aindrias Moynihan OR speaker:Michael Ring OR speaker:Steven Matthews OR speaker:Cian O'Callaghan OR speaker:Leo Varadkar OR speaker:Cormac Devlin OR speaker:James Lawless OR speaker:Joe O'Brien OR speaker:Michael Creed OR speaker:Cathal Crowe OR speaker:Peadar Tóibín OR speaker:Mairead Farrell OR speaker:Brian Stanley OR speaker:Claire Kerrane)

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Cormac Devlin: In 2023, the LDA had 5,600 units under planning. Is that excluding units under Project Tosaigh? The reason I ask is I want to delve into Project Tosaigh shortly. What is the current state of play of those 5,600 units in planning? That figure is from 2023. At what stage are they currently? How many of those units have been given planning permission? How many of them are under...

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Cormac Devlin: To receiving planning. Mr. Coleman spoke about transparency for the organisation. As planning is achieved, is a pipeline visible on the LDA’s website for people to see how many LDA sites there are and which ones what have planning permission in order that the public are aware of these large sites being developed?

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Cormac Devlin: Going back to Project Tosaigh and the sites the LDA has acquired that have planning permission, Mr. Coleman said some of them are not straightforward and I accept that. He said there were 8,000 units proposed to be constructed through Project Tosaigh by 2028. How many units were delivered under Project Tosaigh last year? How many are to be delivered by the end this year?

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Cormac Devlin: How are these sites, with planning through Project Tosaigh, acquired? How do they come to the LDA's attention and what is the optimal number involved? What criteria apply in deciding whether a site should or should not be selected?

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Cormac Devlin: Is that the home builder partnership as opposed to direct delivery by the LDA?

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Cormac Devlin: Shanganagh.

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Cormac Devlin: That makes sense. I thank Mr. Coleman for that clarification. Turning to the C and AG's report, one of the issues - this is also highlighted in the LDA's financial statements - is the reliance on the spreadsheet accounting system. On the basis of what Mr. Coleman said, we know that this is being addressed right now. The LDA was incorporated in March 2022. Obviously, there was an unfunded...

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Cormac Devlin: What did it cost?

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Cormac Devlin: I am just limited on time. I just need a cost please, if Mrs Henehan would not mind.

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Cormac Devlin: I only have one minute remaining. On the pensions arrangements, for, relatively speaking, a fledging organisation, there seems to be quite an array of pension arrangements for staff. There are 83 in total. Will Mr. Coleman outline the rationale behind that and indicate why there is such variance between the pension arrangements in place for different staff?

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Cormac Devlin: I thank Mr. Coleman very much for all that. I appreciate it.

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Mairead Farrell: Gabhaim buíochas leis na finnéithe as ucht teacht os comhair an coiste agus as an bhfáilte chuig mo chéad chruinniú. I thank the guests for being here. I also thank the Chair for welcoming me to my first meeting as a member of the committee. The LDA has incurred losses in the past two years. There was a loss of €17.5 million last year and €11.7...

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Mairead Farrell: I am just looking at the finances here. I understand. We will have other conversations and will be going into other matters. I am just asking has there been a profit to date?

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Mairead Farrell: I thank Mr. Coleman. Has a dividend been paid to the State?

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Mairead Farrell: If there was no profit, I assume then that no corporation tax has been paid on trading income?

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Mairead Farrell: I understand the LDA needed an extra €5.7 billion in capitalisation. That was identified last year. I understand that €2.5 billion was agreed by Cabinet last December, that half was due to come from ICIF and, as announced just in the past number of weeks, the other half from the sale of AIB shares. Will Mr. Coleman confirm that there is no commitment from the Government as of...

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?