Dáil Éireann Debate, Thursday - 13 April 2017
356. Deputy Imelda Munster asked the Minister for Transport, Tourism and Sport his views on the advantages the Drogheda Port Company obtains from having its own stevedoring subsidiary; his further views on the advantage of having only a half-owned subsidiary; and if he will make a statement on the matter. [18966/17]
View answer357. Deputy Imelda Munster asked the Minister for Transport, Tourism and Sport if there is transfer pricing between a subsidiary and its sister company (details supplied); and if he will make a statement on the matter. [18967/17]
View answerI propose to take Questions Nos. 356 and 357 together.
Drogheda Port Company is one of eight State commercial port companies established and operating pursuant to the Harbours Acts 1996-2015. The Minister for Transport,Tourism and Sport is the principal shareholder in the port company and his relationship with the company is governed by both the Harbours Acts and the Companies Act. As a limited liability company, the port is responsible for the management, control, operation and development of its harbour and is directly answerable to its Board of Directors.
The financial management of the port is a matter for the port concerned. I am not involved in day to day operational issues in any port company.
Ports have a number of different methods of organising stevedoring services. The model chosen and the advantages conferred on the port in relation to that model, are operational matters for the port.
