Concerns taxpayer may have to rescue DDDA

THE Dublin Docklands Development Authority (DDDA) is facing bankruptcy after making losses of €27 million in 2008, according to Fine Gael environment spokesman Phil Hogan.

Concerns taxpayer may have to rescue DDDA

The Kilkenny TD said there are serious concerns that the taxpayer will be forced to bail out the organisation and those responsible for the massive losses will get away scot-free. He said the information comes on the back of the €413 million deal at the Irish Glass Bottle site, which has since seen its value being written down by 85%.

Deputy Hogan said developers got involved with the DDDA and there are serious concerns that those responsible will get away “scot-free”, he said.

Already a subscriber? Sign in

You have reached your article limit.

Unlimited access. Half the price.

Annual €130 €65

Best value

Monthly €12€6 / month

More in this section

The Business Hub

Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited