The Public Service Obligation Contract between the National Transport Authority is a ten year contract which commenced on 1st December 2009. The contract outlines the performance requirements that Bus Éireann must meet in return for the payment of a public subsidy. In 2013 the subsidy payment is €34.5m. A proportion of that payment is withheld each month and is only paid if the performance targets are met by Bus Éireann.
The original contract and schedules are available here:
The contract is made of the following sections:
- Schedule A – Services & service levels to be provided by the operator
- Schedule B – Performance Obligations
- Schedule C – Reporting requirements
- Schedule D – Compensation
- Schedule E – Framework Grant Agreement
The Authority has previously amended the performance obligations (Schedule B) and the current requirements are available here.
The Authority is presently reviewing the current Schedule B with a view to its amendement early in 2013.
The contract provides for the approval by the Authority of any service changes outlined in Schedule A of the contract.