Dáil Éireann Debate, Wednesday - 26 July 2017
1339. Deputy Maria Bailey asked the Minister for Transport, Tourism and Sport the details of the due diligence between Dún Laoghaire Harbour Company and Dún Laoghaire-Rathdown County Council; the proposed timeframe for this process; and if he will make a statement on the matter. [34978/17]
View answerDún Laoghaire Harbour Company, as a Port of Regional Significance, is designated under National Ports Policy for transfer to Dún Laoghaire Rathdown County Council. The process of transferring governance of Dún Laoghaire Harbour Company to Dún Laoghaire Rathdown County Council is ongoing.
This process and the future operational structures of the port are primarily matters for agreement between the Council and the port. Dún Laoghaire Rathdown County Council, with funding support from my Department, procured consultants to conduct due diligence of the port company in advance of its planned transfer to the Council. The Chief Executive of the Council presented a due diligence report at a Council meeting held on 9 January 2017.
As the report raised a number of issues for further clarification, the Chief Executive engaged a risk and financial consultant to carry out a risk assessment. This will enable the Council to fully understand the implications of models of transfer and the responsibility that will transfer in financial and other terms.
I understand that the port company is currently engaging with the risk assessor. When the risk assessment process is completed, I expect matters to progress towards agreeing a model and a date for transfer.
