Ivan Yates
Ceist:39 Mr. Yates asked the Minister for Public Enterprise the remaining equity which is due to be injected into Bord na Móna in 1997; the sums involved; and when they will be transferred to the company. [14898/97]
Vol. 480 No. 7
39 Mr. Yates asked the Minister for Public Enterprise the remaining equity which is due to be injected into Bord na Móna in 1997; the sums involved; and when they will be transferred to the company. [14898/97]
I am pleased to inform the House that the Government last week injected a further £51 million equity into Bord na Móna. This, taken together with the first tranche of equity injected last December, brings to a total of £100 million the equity injected into the company to date. The effect of this financial support from the State is that Bord na Móna has now been placed on a sound financial footing and can meet the future with confidence.