Oireachtas Joint and Select Committees

Thursday, 5 February 2015

Public Accounts Committee

Vote 25 - Department of the Environment, Community and Local Government
Chapter 6 - Land Aggregation Scheme
Chapter 7 - Matters Arising from Audit of Vote 25 - Environment, Community and Local Government in Relation to Water Services

10:00 am

Mr. John McCarthy:

The net book value of network assets in the audited financial statements for local authorities in 2012 came to about €11.25 billion. That would include some assets that will not be transferring to Irish Water in terms of flood relief and surface drainage. In broad terms, that is the quantum of the assets that will be coming out.

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