Oireachtas Joint and Select Committees
Thursday, 12 January 2017
Joint Oireachtas Committee on the Future Funding of Domestic Water Services
Irish Water and Commission for Energy Regulation
2:00 pm
Lynn Ruane (Independent) | Oireachtas source
I thank the witnesses for their presentations. I am seeking clarification. Mr. Marley spoke about assets in his presentation so perhaps he will respond. With regard to borrowing, is that borrowing against the assets? Given that the assets are not protected at all in the Acts in respect of being borrowed against, unlike the capital shares, does that effectively mean there is potential for those assets to be stripped, which would be de facto privatisation? Has the borrowing to date been against the assets or will it be into the future? Could he explain that further?
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