Docklands authority set to be wound up

The Dublin Docklands Development Authority, which has liabilities of €32m, is to be wound up.

Phil Hogan, the environment minister, said a new board had been appointed, led by Dublin’s city manager John Tierney, with a maximum of 18 months to complete the wind-up.

Mr Hogan said the Government took the decision on the authority’s future in light of a special report on the authority prepared by the Comptroller and Auditor General & along with the authority’s annual report and financial statements for 2011. Both of those reports were made public yesterday.