Finance Committee chairman John McGuinness 'keen to identify lessons to be learned from Carillion’s liquidation'

Kilkenny TD chairs the committee which is set to discuss PPP with National Development Finance Agency tomorrow

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McGuinness

Deputy John McGuinness' committee 'seeks to understand fully why Carillion was selected for the school-building contract'

The Joint Committee on Finance, Public Expenditure and Reform, which is chaired by local TD John McGuinness, will resume its engagement tomorrow with the National Development Finance Agency on how the NDFA negotiates Public Private Partnership (PPP) infrastructure projects.

The Committee is exploring how PPPs are awarded, structured and insured following the collapse earlier this year of the Carillion Group, one of the UK’s largest construction companies with a significant PPP contract to build schools in Ireland.

The National Development Finance Agency, an arm of the NTMA, advises government departments on financing infrastructural projects including through PPP contracts. Current projects under its remit include the construction of dozens of schools, medical facilities, courthouses and social housing developments.

“The Committee is keen to identify lessons to be learned from Carillion’s liquidation and to explore new ideas for ensuring that future PPP-financed projects will be delivered as planned,” said Committee Chairman John McGuinness.

“The NDFA plays a central role in crafting PPP agreements across the State. The Committee seeks to understand fully why Carillion was selected for the school-building contract. More broadly, our Committee hopes to apply these lessons so that the NDFA and other relevant State actors can ensure that every private enterprise selected for PPP projects involves a verifiably reliable partner. This is essential given the ambitions of the Government’s National Development Plan."

Among witnesses scheduled to attend the meeting at 11am in Committee Room 3 are NDFA Head of Finance and Operations Gerard Cahillane and Department of Public Expenditure and Reform officials. Mr Cahillane previously spoke to the Committee at its July 3 meeting.

The meeting can be viewed live here.

It also can be viewed live on Android and Apple devices using the Houses of the Oireachtas app.