Dáil Éireann Debate, Thursday - 4 July 2013
157. Deputy Éamon Ó Cuív asked the Minister for Arts, Heritage and the Gaeltacht the number of projects that were approved for funding by his Department conditional on a bond being produced from a builder; the amount of the default by builders where such bonds were in place; the amount recovered through the use of bonds in such cases; and if he will make a statement on the matter. [32713/13]
View answer160. Deputy Éamon Ó Cuív asked the Minister for Arts, Heritage and the Gaeltacht the reason his Department insisted as a condition of grant aid that a bond be taken out against default by the builder on this contract; the reason that his Department now claims that this bond, which is being used to recover money lost when the original builder went into liquidation, cannot be considered by it in assessing the funding available to the project; and if he will make a statement on the matter. [32731/13]
View answerI propose to take Questions Nos. 157 and 160 together.
Two projects were approved funding by the Department conditional on a bond being produced from a builder. Details of these projects are included in the table below:
|
The number of projects that were approved funding by the Department conditional on a bond being produced from a builder |
The amount of the default by builders where such bonds were in place |
The amount recovered through the use of bonds in such cases |
|
1. Contract associated with Phase I of Killarney House Restoration Project |
N/A |
N/A |
|
2. Contract associated with Phase II of Killarney House Restoration Project |
N/A |
N/A |
In relation the specific project referred to by the Deputy, that project was initiated, developed and managed by the project promoter. The Department made a contribution to the overall project. I have been informed by the project promoter that the recovery of the bond is the subject of proceedings in the High Court between third parties. It would not be appropriate for me to comment further on the matter.
