Derek Nolan (Galway West, Labour)
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If the Department is putting together a financial model, it is very important to consider what Irish Water will do. If it seeks to invest €600 million a year in water infrastructure, which I assume will be under a capital expenditure heading and will not be part of Irish Water's regular running costs, it must have a significant income. What is the initial base case being put together? How much income does the Department expect Irish Water to have? What will its cost base be and how many employees will it have? What level of borrowings does the Department expect it to have to leverage on the asset base being evaluated currently?