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The Minister for the Environment, Heritage and Local Government,
John Gormley TD has appointed Mr John Hennesssy as an authorised
person to carry out an independent report in relation to the
various risks and implications of the proposed incinerator
to be located on the Poolbeg peninsula.
Mr Hennessey, a senior counsel and qualified accountant,
was appointed pursuant to Section 224(2)(a) of the Local Government
Act 2001, to prepare a report for the Minister relating to
the nature and extent of the financial and related risks and
consequences which may be faced by Dublin City Council in
connection with its participation in the public private partnership
to build the proposed facility.
Mr Hennessy is being asked to assess the financial risks
should Dublin City Council and the three other Dublin local
authorities be unable to meet the volumes of waste committed
to in the ‘put-or-pay’ clause of the contract.
The Report should identify, explain and quantify the financial
and related consequences for both the DCC and the PPP company
associated with the project proceeding in a range of different
scenarios, including -
- Household waste volumes remain static.
- Household waste volumes fall by average 1% per annum over
the period.
- Household waste volumes increase as projected in the EPA
Waste Report 2008.
- Recycling rates commence at current recycling rates and
remain static.
- Recycling rates commence at current recycling rates and
increase by varying rates such as an average of 1%, 2%,
3% per annum over the period.
- Loss of of varying levels of market share - or
- A combination of any of the foregoing.
The Report should also identify, explain and quantify the
financial risks and consequences for DCC associated with the
alteration or abandonment of the project in a range of scenarios.
It is expected that Mr Hennessy will report back to the Minister
in six weeks.
Minister Gormley said - “There have been a wide range of
claims regarding this project, its financial viability and
the financial consequences of either proceeding with or abandoning
it. I believe a proper and full independent examination by
a qualified expert is required to bring clarity to these issues.”
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