David Cullinane (Waterford, Sinn Fein) | Oireachtas source

I have a small question on global valuation. I assume that if Dublin and Waterford just happened to be going through the revaluation process at the time Irish Water was established, the Valuation Office looked at the water infrastructure in those local authority areas. Waterford has wastewater treatment plants that service the region. Is it the case with the global valuation, if it is based on population, that it is not actually based on the infrastructure in local authorities at all?