John McGuinness (Carlow-Kilkenny, Fianna Fail) | Oireachtas source

So €11 billion worth of assets and staff expertise and corporate intelligence generally will be handed over to Irish Water and the Department of the Environment, Community and Local Government will support it in some way in terms of the €6 billion to €10 billion that is required to bring the infrastructure up to date. It is then proposed to charge the people that own the assets, the taxpayers, a water charge. Is that it, in a nutshell?