Minister Richard Bruton admits private investors in National Broadband Plan will only front up €220million in cash
Richard Bruton has finally conceded that the private investor partners in the National Broadband Plan are only fronting up just over €200million in cash.
There was huge anger when it emerged last week that the figure would be in the region of €200million.Minister for Agriculture, Michael Creed, let the cat out of the bag last wednesday on Clare FM when he said the investment from Granahan McCourt would be around €200million. “I’ll say at the outset, this is a really important investment for people living in rural Ireland, it’s 1.1million people that the private sector will not deliver for, so we have taken on to provide State aid to allow that happen.
Much, if not all, of the €2.4billion Mr Bruton is talking about that Granahan McCourt will eventually pump in to the project will come from customer charges and profits.
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