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:

The first discussion took place last Friday, 20 April, with the NTMA, the Department of Public Expenditure and Reform and our line Department. It is the right thing for us to do to put all options on the table so as to ensure that the project has the best value. As the Deputy and I discussed at the time, there is a great deal of infrastructure capital available on the open market. Various funding structures can be used. For example, some of this could be done off the balance sheet or we could get an engineering, procurement and construction, EPC, contract plus finance. Our job is to put those proposals on the table, from which we will select the most appropriate funding scheme.