Sunday January 26, 2020

Broadband plan deal includes €380m for overruns

David McCourt’s National Broadband Ireland could be compensated if some costs spiral, or if inflation rises faster than anticipated

5th January, 2020
David McCourt’s National Broadband Ireland could be permitted to access hundreds of millions of euro of taxpayers’ money. Picture: Maura Hickey

David McCourt’s National Broadband Ireland could be permitted to access hundreds of millions of euro of taxpayers’ money if inflation rises faster than the internet provider has estimated or other costs are higher than anticipated, it has emerged.

McCourt’s company signed a contract with the government for the state’s multi-billion euro National Broadband Plan last November, after a protracted procurement process, during which the cost of the project soared....

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