Taxpayer facing €200million bill because of underuse of Limerick Tunnel

jacko

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stopdoingstuff

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This could all have been avoided if the state insisted on diversity quotas in the construction issue. Clearly we lack tunnel testers.
 

Disillusioned democrat

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It's funny how PPPs in Ireland are invariably based on the "heads I win, tails you lose" concept.

The concept of risk sharing seems to be left out of the contracts completely, so either we have very poor negotiators - which is very plausible - or our negotiators aren't trying that hard - which in fairness, given the track record, seems to be more the case.
 

gerhard dengler

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The political government and permanent government continuing to abuse other peoples (taxpayers) money.
 

*EPIC SUCCESS*

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The political government and permanent government continuing to abuse other peoples (taxpayers) money.
And then try to play the philanthropist at budget time. With our money. Before handing off lucrative contracts to their mates.
 

TomBreen

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Why is it when we build some infrastructure, we own 99% of it and sell the bottle neck to PPP and deliver them the customers, M50 toll bridge, Waterford toll bridge, Limerick tunnel and so on. Its no different with the Incinerator and refuse collection, what kind of business guarantees turnover ?
 

Marcos the black

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It's funny how PPPs in Ireland are invariably based on the "heads I win, tails you lose" concept.

The concept of risk sharing seems to be left out of the contracts completely, so either we have very poor negotiators - which is very plausible - or our negotiators aren't trying that hard - which in fairness, given the track record, seems to be more the case.
this was signed off on when FF were in govt

nuff said !
Disillusioned democrat is going to vote FF next time out thank them...
 

Roll_On

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If Limerick City Council got up of their hoops and started working to bring in bus and cycling priority in the City Centre along with more pedestrianisation cars would have to use the tunnel.
 

PeacefulViking

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Is there ever any good reason for private-public partnerships?
 

fifilawe

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it seems to me we are overrun with Walter Mitty types in our governance and in private sector."Nurse Noel" or more apt "non - nurse " Noel in the Save the 8th, Heads of councils who are out off their league dealings with big business and large capital plans, HSE management who cannot run a canteen never mind a large dept...., spin doctors who cannot yet plant stories in the media properly and make a praiseach of "good news" stories........
 

Supra

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Unbelievable story emerging from the PAC yesterday

https://www.independent.ie/irish-news/taxpayers-facing-200m-bill-because-toll-road-is-underused-36735536.html

The contract for the operation of the Limerick Tunnel requires the state to pay the operator if the tunnel doesn't achieve certain traffic volumes.

Over the lifetime of the contract this is going to amount to 200 million according to evidence at the PAC yesterday as the traffic guarantee targets will never be achieved !
Are there a conditions set for the operators to try to increase volume?

Time for needless prolonged road works to be carried out on surrounding roads me thinks.
 


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