Alan Kelly (Tipperary North, Labour) | Oireachtas source

It would be if it was not Government debt, but the Deputy should note it is already Government debt.

In response to issues raised regarding a list of local authorities and to provide the rationale for the figure of €11 billion, based on local authority accounts for 2013, a considerable amount of work has been undertaken in 2014 to identify all loans and liabilities. This work is only being signed off on by local authorities and I do not believe we will have a full picture for a short while yet because the work is ongoing. It is one year one and it is being based on the 2013 accounts. Deputy Barry Cowen put a question directly to me concerning the current value of the assets. They are estimated to be worth approximately €11 billion. I am unaware of whether the Deputy has been provided with that answer previously and, if not, I am glad to be able to give it to him.

Deputy Brian Stanley referred to maintenance contracts.

The design build contracts were transferred to Irish Water by statutory instrument and a list is publicly available. If the Deputy cannot get hold of it, I am willing to provide it.

I will conclude by saying to colleagues who have asked on numerous occasions that this component of the Bill has nothing to do with the market corporation test. It will have no impact on the it.

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