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 Review Group on State Assets and Liabilities

 

The Review Group on State Assets and Liabilities was recently established by the Minister for Finance to examine and provide advice on the proper stewardship of state assets and on opportunities for the better use of those assets.  The Group will carry out its analysis in the coming months and report to the Minister by the end of the year.  As part of this, the Group will consult closely with those Government departments and State bodies that have oversight of the relevant assets (including commercial semi-state companies and regulators). 

 

The Group is also seeking submissions from other interested parties by way of public consultation. Cuireadh chun aighneachtaÍ a DhÉanamh

 

Terms of Reference of the Review Group

The members of the Review Group are University College Dublin economist Mr Colm McCarthy (Chairman), Department of Finance Second Secretary Mr Donal McNally and Trinity College Dublin economist Prof. Alan Matthews 

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The following Terms of Reference have been set out for the Group:

 

  • To consider the potential for asset disposals in the public sector, including commercial state bodies, in view of the indebtedness of the State.
  • To draw up a list of possible asset disposals.
  • To assess how the use and disposition of such assets can best help restore growth and contribute to national investment priorities.
  • To review where appropriate, relevant investment and financing plans, commercial practices and regulatory requirements affecting the use of such assets in the national interest.

       

      Interim List of Assets to Be Reviewed

       

      (i) Commercial State Bodies:

       

      Dublin Airport Authority (incl. Cork and Shannon Airport)

      CIE

      Dublin Bus

      Irish Rail

      Bus Eireann

      Irish Aviation Authority

      Dublin Port Company

      Cork Port Company

      Drogheda Port Company

      Galway Port Company

      Waterford Port Company

      Shannon Foynes Port Company

      Wicklow Port Company

      New Ross Port Company

      Dundalk Port Company

      Dún Laoighaire Harbour Company

      ESB

      Bord Gais Eireann

      Bord Na Mona

      Eirgrid

      An Post

      RTE

      TG4

      National Oil Reserves Agency

      Coillte

      Horse Racing Ireland

      Irish National Stud Company Ltd.

      Bord Na gCon

       

       

      (ii) Intangible Assets

       

      These include, inter alia,  radio spectrum allocated for broadcasting and telecommunications; carbon emissions permits; and mineral, hydrocarbon and other licences issued by the state.

       

       

       

       

       

       

       

       

       

       

       



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      Dept of Finance, Government Buildings, Upr Merrion St. Dublin 2, Ireland. Tel +353 1 676 7571 webmaster@finance.gov.ie