Mr. Barry O'Leary:

Let me give the committee an example of the projects in which we have been involved. Two come to mind. In County Waterford we have done a water treatment project. In County Wexford we have done a waste management project. Nobody has approached us from any of the Dublin authorities in terms of the large scale projects. Our issue would always be that the projects would have to be housing related so there could not be a commercial water issue attached to the loan.

There will be some policy changes in the funding and provision of water services in the future. My colleague, Mr. Nugent, may wish to discuss that matter.