Dáil Éireann Debate, Thursday - 7 November 2013
25. Deputy Clare Daly asked the Minister for Transport, Tourism and Sport if there has been a cost benefit analysis conducted into the impact of planned further reductions in Government subvention to CIE and the consequential fare hikes being imposed on passengers. [46851/13]
Amharc ar fhreagraI refer the Deputy to the reply to Priority Question Nos. 1 and 2 which were answered earlier.
The total PSO subvention payable to the NTA for 2014 will be €209.7m, a reduction of €16.8m. from 2013. The allocation of the 2014 subvention, including the amount payable to the three CIÉ subsidiaries, will be decided by the NTA in accordance with their PSO contracts with the companies. The CIE Group Business Plan has already factored in the expected cut in PSO subvention in 2014 and CIE has negotiated improved bank facilities in relation to refinancing of the Group.
