Oireachtas Joint and Select Committees

Tuesday, 7 February 2017

Joint Oireachtas Committee on the Future Funding of Domestic Water Services

NewERA, National Treasury Management Agency

12:00 pm

Photo of Eoin Ó BroinEoin Ó Broin (Dublin Mid West, Sinn Fein) | Oireachtas source

I thank the witnesses for the presentations. Irish Water's capital investment programme as outlined in the business plan year-on-year includes revenue funding but the majority is borrowed from private sources or the Irish Strategic Investment Fund, ISIF. If Government was to move to option three for cost reasons, as has been outlined, I presume that the balance between the smaller portion of revenue funding and the greater portion of borrowed money remains roughly the same. The source of borrowing changes and therefore the costs reduce. Is that correct?

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