State guarantees for Bula loans
Mac Giolla asked whether the State had agreed to finance or guarantee loans of up to £10 million, and whether further support would be provided.
andProinsias De Rossa asked the Minister for Energy if there is any section in the State-Bula agreement under which the State agreed to finance or guarantee loans of up to £10 million for Bula mines; if he proposes to take responsibility for bank loans to Bula; and if it is intended to make further funds or guarantees available either directly or indirectly to the four directors of Bula who have already received £9.54 million, plus £665,257 in recent loans from the taxpayers.
7.