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Taoiseach must reveal the investment of private company in broadband - Mary Lou McDonald

12 May, 2019 - by Mary Lou McDonald TD

Today it is reported that Minister Michael Creed has revealed that the government’s preferred bidder, the private company equity fund Granahan McCourt, will invest less than €200 million in the rural broadband network.

Speaking following this report Sinn Féin President Mary Lou McDonald TD said:

“The government made the announcement on rural broadband in the mouth of an election.

“On the floor of the Dáil I have asked the government to detail the level of investment to be made by the private company Granahan McCourt. They refused to make the level of investment public.

“Officials in government departments, who are aware of the level of proposed private sector investment, rubbished the cost benefit analysis of the proposal and questioned the ability of the project to be delivered.

“It is now reported that while tax payers will invest up to €3 billion, the private company will invest only €200 million and at the end of the project will own the infrastructure.

“It is time for the Taoiseach to clarify the amount being invested by Granahan McCourt and if he stands by the comments of Minister Creed.” 

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