Alan Kelly (Tipperary North, Labour) | Oireachtas source

Local authorities have water related loans totalling €600 million.

That figure is broken down as follows: €150 million from various commercial lenders and, as has been outlined, approximately €450 million from the Housing Finance Agency. In May 2014 the Government agreed that these loans should not be transferred to Irish Water, as the combination of these loans and other liabilities, estimated at approximately €200 million, would place an unnecessary burden on Irish Water's customers.

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