Oireachtas Joint and Select Committees
Thursday, 5 February 2015
Public Accounts Committee
Vote 25 - Department of the Environment, Community and Local Government
Chapter 6 - Land Aggregation Scheme
Chapter 7 - Matters Arising from Audit of Vote 25 - Environment, Community and Local Government in Relation to Water Services
10:00 am
Mr. John McCarthy:
To go back to what I was saying earlier, if one looks at the funding of future capital investment, we are seeing - for the period to 2016 and most likely for a number of years afterwards - continued public investment but on a declining basis with private investment coming in to substitute for it. Consequently, there will be a declining amount of public investment.