Dáil Éireann Debate, Tuesday - 12 February 2013
168. Deputy Robert Troy asked the Minister for Agriculture, Food and the Marine the progress made to date with the sale of the Coillte Teo. forest crop; the funds expected to be raised from this sale; his views that this is the correct decision in view of the recent IMPACT report on this matter; and if he will make a statement on the matter. [6976/13]
View answerFurther to the Government decision that a concession for the harvesting rights to Coillte’s forests be put forward for sale, the National Treasury Management Agency, via its NewERA Unit, has been actively engaged with Coillte, the Department of Public Expenditure and Reform and my Department to examine the financial and other implications of a potential transaction.
Substantial work has been undertaken to date on the identification of the forestry assets involved, the determination of their value and the consideration of a number of issues associated with the proposed sale of the harvesting rights. The outcome of the overall analysis will be considered by the Government upon its conclusion. This whole process is a very complex one and it is not possible at this stage to pre-empt the outcome of the analysis or to give an estimate of the possible net proceeds. As I have said previously, the Government will proceed with caution in relation to this matter and no final decision has been taken, as yet.
NewERA, the Department of Public Expenditure and Reform and my Department received a copy of the report, “Assessment of the Consequences of the proposed Sale of Coillte’s Timber Harvesting Rights – 10 January 2013 ” by Peter Bacon and Associates, commissioned by IMPACT, at the end of last month at a meeting with the Coillte unions. The report and its findings are currently being analysed as part of the consideration process.
