Dáil Éireann Debate, Tuesday - 1 June 2010
395 Deputy Tom Sheahan asked the Minister for Defence the remuneration that his Department is receiving from banks in respect of the security provided during cash in transit deliveries; and if he will make a statement on the matter. [22939/10]
Amharc ar fhreagraThe level of contributions by the Banks in respect of the costs incurred by the Defence Forces in the provision of Cash Escorts is subject to the agreement concluded by my predecessor, Mr. Willie O'Dea, T.D., with the IBF and the member banks in 2005. The banks are charged for their proportion of the total escorts provided i.e. approximately 78%. The remainder relates to post office escorts. The issue of the post office paying for the cash in transit services provided to it is currently being pursued by the Department with An Post.
The total amount charged to the Banks for 2009 is €7.39m. Payment is expected in early June.
