Derek Nolan (Galway West, Labour)
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Part of the rationale for setting up Irish Water was that it would be an independent utility company. As a result, it will not be a Government entity and will be able to borrow on international markets and use its revenues to pay back its borrowings. This will be all off the balance sheet for the State. In order to do this, a pretty complex and important financial structure is being put in place. What projections are being put together currently for the likely turnover, the refinancing costs and the likely investment packages this new public utility company will avail of?