Alan Kelly (Tipperary North, Labour) | Oireachtas source

No; I do not think it is ironic at all. It is done with the best information available. Irish Water gets the best rates it can.

It continues to consider various other ways of borrowing and is very close to some more success in that respect. Ultimately, we believe, Irish Water will be off-balance-sheet. It is absolutely necessary for Irish Water to be in a position to borrow at the scale required so that it can put over €6 billion into the network in the future to deal with all the issues concerning water which this House is well aware of, and the fact that it was not a priority for many Governments across parties in recent decades.

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