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Dáil Éireann debate -
Wednesday, 6 Oct 1999

Vol. 508 No. 4

Written Answers. - CIE Property Portfolio.

Ivan Yates

Question:

123 Mr. Yates asked the Minister for Public Enterprise if the various reviews of the CIÉ property portfolio have been completed; and the action, if any, it is proposed to take further to the receipt of these reports. [19344/99]

The review of CIE's property valuation being undertaken by DTZ Sherry Fitzgerald in association with DTZ Pieda Consulting and O'Hare and Associates is nearing completion and I hope to have the final report in the near future. I am not awaiting any other review of CIE's property portfolio.

When this review has been completed and a property disposal programme has been agreed with CIE, my Department and the Department of Finance will then have a firm basis for determining CIE's funding contribution in respect of public transport investment and the level of Exchequer support that will also be required.

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