Oireachtas Joint and Select Committees
Wednesday, 25 April 2018
Joint Oireachtas Committee on Housing, Planning and Local Government
Water Supply Project: Discussion
9:30 am
Mr. Mike Quinn:
That is it.
Senators McFadden and Murnane O'Connor raised a point about funding. As Mr. Grant touched on in the earlier session, we have two significant projects planned, those being, the WSP and the greater Dublin drainage scheme. Their cost is just under €2 billion. In our capital investment programme, we spent €526 million last year. That grows to €680 million this year, €800 million for each of the following two years and then €900 million. That increase is built into our business plan. We are in discussions with the National Treasury Management Agency, NTMA, the Department of Public Expenditure and Reform and our line Department about how we might fund these two major projects, but I assure the committee that we will not start the WSP unless we have funding certainty. One cannot start a project of this scale unless the full-----