Shannon and Cork Airports could be the first in the firing line in any public auction of Semi State Companies – BREEN.

July 29th, 2010 - Pat Breen

Fine Gael’s Deputy Spokesperson on Foreign Affairs and Clare T.D. Pat Breen has warned today ( Tuesday) that any public auction of semi-state companies with out weighing up their strategic importance to this Country would be a short-sighted policy which will backfire in the longer term. Deputy Breen is concerned that Shannon and Cork Airports could be the first in the firing line in any public auction of the semi-state sector.

“The appointment of Colm McCarthy to chair the new Review Group on State Assets confirms that this Government is considering a public auction of a number of semi-state companies in an effort to plug the hole in the Country’s finances. In my view, this is a short-sighted strategy which will backfire and lessons should have been learned from the sale of Eircom, which left this country with a poor broadband infrastructure. Instead of this slash and burn approach the Government should be bolstering semi-states companies particularly those which are of strategic importance in terms of regional economic development and which have the potential to drive job creation.”

“I would be concerned that if the Dublin Airport Authority for example was sold off that it is Shannon and Cork Airports which would be first in the firing line and I would have to question how these Airports would be expected to survive if their umbilical cords were to be cut off completely, especially, given that the Government has already deferred any decision on the separation of the Airports because of the current economic recession.”
“The role that semi-states companies play in regional economic development must be recognised and wher0A
“The appointment of Colm McCarthy to chair the new Review Group on State Assets confirms that this Government is considering a public auction of a number of semi-state companies in an effort to plug the hole in the Country’s finances. In my view, this is a short-sighted strategy which will backfire and lessons should have been learned from the sale of Eircom, which left this country with a poor broadband infrastructure. Instead of this slash and burn approach the Government should be bolstering semi-states companies particularly those which are of strategic importance in terms of regional economic development and which have the potential to drive job creation.”

“I would be concerned that if the Dublin Airport Authority for example was sold off that it is Shannon and Cork Airports which would be first in the firing line and I would have to question how these Airports would be expected to survive if their umbilical cords were to be cut off completely, especially, given that the Government has already deferred any decision on the separation of the Airports because of the current economic recession.”
“The role that semi-states companies pla