Mr. Michael Kelleher:

Yes, whereas Irish Water is a new entity. I suppose this is why we believe it should be re-examined because we are imposing all the contributions on the new homeowner and it should be across all the community. If we put infrastructure into the ground that benefits a broader community, that infrastructure is there for 60 years plus and, therefore, it is benefiting the whole community. It needs to be financed in a different way so that we can get to a more equitable situation.

The problem we have is that some of these costs - we have been involved in some of the schemes - make them unviable and, therefore, they cannot come forward. We wonder why we are not bringing forward development. It is because they are not viable because the cost of this big heavy infrastructure is too much for the development to bear and the banks will not fund that kind of situation.