Paul Murphy (Dublin South West, Anti-Austerity Alliance)
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Capital expenditure is a key part of what we are considering because we believe there needs to be more capital investment in water infrastructure in the coming years. The delegates outlined three possible options in their paper, one being to retain the existing plan which is to have Irish Water borrowing privately at higher rates, with the State being able to borrow directly; the second being to retain the existing private financing arrangement but to borrow directly via the State as new financing needs arise, and the third being to transition all private finance into Government borrowings. Ms Fitzpatrick opts strongly for the third optio. Will she explain her reasons?