Vol. 453 No. 4
71 Mr. Callely asked the Minister for Finance the criteria used by the Government in considering the privatisation of semi-State companies; if the level of debt of semi-State companies and the debt guaranteed by him are a major consideration in relation to privatisation; if he will give a breakdown of the debts of all semi-State companies; and if he will make a statement on the matter. [9511/95]
The policy agreement between the Government parties, A Government of Renewal, states: “State assets will not be sold except where it protects employment and is in the long term strategic interest of the company and its stakeholders.” It goes on to state that “we will retain a majority stake in these companies”.
The level of debt and the debt guaranteed by the Minister for Finance would be among the factors which would have to be taken into account if privatisation of any company were being considered.
The non-Exchequer indebtedness of Commercial Semi-States at 31 December 1994 is set out as follows:
|
(£M) |
|
|
ACC |
933.0 |
|
Aer Lingus |
490.3 |
|
Aer Rianta |
41.8 |
|
Bord Gáis |
235.0 |
|
Bord na Móna |
180.0 |
|
CIE |
151.3 |
|
Coillte |
27.2 |
|
ESB |
1,050.7 |
|
Housing Finance Agency |
455.0 |
|
Irish Aviation Authority |
10.0 |
|
ICC |
1,007.0 |
|
INPC |
9.4 |
|
Irish Steel |
25.3 |
|
Irish Telecom Investments |
913.3 |
|
National Building Agency |
0.5 |
|
NET |
182.0 |
|
An Post |
8.3 |
|
RTE |
1.0* |
|
Temple Bar Properties Ltd. |
22.7 |
|
Total |
5,743.8 |
