Expression of Interest sought for appointments to the Board of NDFA
The Minister for Finance is seeking expressions of interest from suitably qualified people for appointment to the Board of the National Development Finance Agency (NDFA).
The National Development Finance Agency (NDFA) statutory remit is to advise State authorities on the optimum means of financing public investment projects to achieve value for money. The Agency will also advise on all aspects of finance, refinancing and insurance (including risk) of projects.The National Development Finance Agency (Amendment) Act 2007 further provided a statutory basis for the NDFA to procure Public Private Partnerships both in its own right and on behalf of Central Government Departments and Agencies.
Section 12 of the National Development Finance Agency Act 2002 governs the operation of the Board of NDFA including appointments to the Board. The Act can be accessed http://www.irishstatutebook.ie/.It is recommended that all applicants examine the relevant provision of the Act in detail before submitting their expression of interest.
The Board of the NDFA consists of a Chairperson and 7 ordinary members. The Chairperson is the CEO of the NTMA. The 7 ordinary members are appointed by the Minister for a term of 5 years.
To qualify for appointment, a person must not have any conflicts of interest likely to interfere with his/her ability to play a full part on the Board.
Expressions of interest, including a curriculum vitae and a statement of suitability, should be sent to – NDFA Board Appointments, Department of Finance, Government Buildings, Upper Merrion St, Dublin 2 or VacanciesonStateBoards-Bodies@finance.gov.ie.
The closing date for expressions of interest is 5.00pm on 19 April, 2012. The Minister may appoint Members from outside the expressions of interest received in response to this advertisement.
Notes to Editor
The National Development Finance Agency (NDFA) was established on 1 January 2003. One of its principal functions is to advise State Authorities on the optimal financing of priority public investment projects by applying commercial standards in evaluating financial risks and costs. The NDFA's overriding objective is to maximise value for money for the Exchequer.
The NDFA provides a centralised expert service to Government Departments and certain other State Authorities that are designated under the National Development Finance Agency Act, 2002.
The NDFA's role includes advising on the financial aspects and risk evaluation of Ireland's public-private partnership procurement projects such as road, rail and broadband infrastructure and raising or arranging finance for National Development Plan projects. It works closely with State Authorities undertaking infrastructure projects by providing advice on the financial component of invitations to tender and assessing such tenders from a financial perspective.
NDFA Board March 2012
Mr John Corrigan (Chairperson)*
Mr Brian Murphy (Chief Executive)*
Ms Anne Fitzgerald
Mr Anthony Jones
Mr Peter McManamon
Mr Fred Barry**
Mr Stewart Harrington**
Mr Liam Berney**
**Appointed for five year terms on 2 May 2007
The two ex-officio members receive no fee for membership of the Board. The other 6 members receive a fee of €12,600 p/a, (this takes into account a 10% reduction in fees agreed by the Board at the request of the Minister for Finance in 2009).