Semi-State firms to be assessed


The Minister for Finance Brian Lenihan has established an expert group to assess the scale and value of the assets and liabilities of the State.

The group will “focus at the outset on assets and liabilities in the commercial state sector,” Mr Lenihan said today.

Under the terms of reference the group will look at the potential to sell off assets in the public sector, including commercial state bodies.

It will also draw up a list of possible assets for disposal, assess how the use and disposal of assets can best help restore growth and contribute to national investment priorities and review relevant investment and financing plans affecting such assets.

Some of the commercial state bodies to be reviewed include RTÉ, ESB, Bord Gáis Irish Rail, Dublin Airport Authority and An Post.

The group will be chaired by economist Colm McCarthy, who produced the “Bord Snip Nua” report last year recommending more than €5 billion in public expenditure cuts. Other members include Donal McNally, second secretary general at the Department of Finance and Alan Matthews professor of European agricultural policy at Trinity College Dublin.

They are expected to provide an interim report to the Minister before the end of the year.

List of State agencies to be examined by the review group

Dublin Airport Authority (incl. Cork and Shannon Airport)


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


Bord Gais Eireann

Bord Na Mona


An Post



National Oil Reserves Agency


Horse Racing Ireland

Irish National Stud Company Ltd.

Bord Na gCon