9 Oct 2019, 01:40
The Public Accounts Committee (PAC) will meet tomorrow, Thursday, with The National Transport Authority.
The focus of the PAC’s examination will be the 2018 financial statements of the Authority.
The National Transport Authority is a statutory non-commercial body, which operates under the aegis of the Department of Transport, Tourism and Sport.
NTA is charged with developing and implementing key strategies to provide high quality, accessible, sustainable transport connecting people in communities across Ireland.
The NTA’s financial statements show that it received Oireachtas grants of over €540m in 2018 to fund its public service obligations and capital investments.
NTA expenditure in 2018 totalled over €504m which included Public Service Obligation payments of €141.3m to Iarnród Eireann, €51.6m to Dublin Bus and 55m to Bus Éireann together with €14.6m to private operators in respect of tendered bus routes.
Thursday’s PAC meeting will examine the 2018 financial statements of the National Transport Authority, how the NTA fulfils its public services obligations and its capital expenditure programme.
Chairman of the PAC, Seán Fleming TD, said: “The Committee will also be keen to learn more about NTA’s oversight of key transport bodies that it funds. The adequacy of governance arrangements in place to ensure value for money, will be examined.”
The meeting will start at 9am in Committee room 3, click here to view.