Results 18,001-18,020 of 21,040 for speaker:Alan Kelly
- Water Services Bill 2014: Committee Stage (Resumed) (16 Dec 2014)
Alan Kelly: Our debt is our debt as a nation. Deputies can say whatever they want but this will have no impact on it.
- Water Services Bill 2014: Committee Stage (Resumed) (16 Dec 2014)
Alan Kelly: The legislation strengthens our position on the future market corporation test.
- Water Services Bill 2014: Committee Stage (Resumed) (16 Dec 2014)
Alan Kelly: Moreover, if one takes account of the fact that the loans were included-----
- Water Services Bill 2014: Committee Stage (Resumed) (16 Dec 2014)
Alan Kelly: Yes, a Leas-Cheann Comhairle, and I will go through it now.
- Water Services Bill 2014: Committee Stage (Resumed) (16 Dec 2014)
Alan Kelly: Work proceeded during the year in establishing the full extent of the liabilities, other than loans, and they are now estimated at approximately €50 million, rather than the previous figure of €200 million. Therefore, it should be possible to accommodate the €150 million of local authority water services-related debt held by commercial banks within the €200...
- Water Services Bill 2014: Committee Stage (Resumed) (16 Dec 2014)
Alan Kelly: For the purposes of clarity-----
- Water Services Bill 2014: Committee Stage (Resumed) (16 Dec 2014)
Alan Kelly: It is under €460 million.
- Water Services Bill 2014: Committee Stage (Resumed) (16 Dec 2014)
Alan Kelly: For the purposes of clarity, these is a range of loans and the figure is under €460 million; I understand it is closer to €450 million. In addition, it now is proposed that the €450 million owed to the Housing Finance Agency should be unwound by the provision of necessary finance from central funds. I am talking about debt with local authorities being transferred to...
- Water Services Bill 2014: Committee Stage (Resumed) (16 Dec 2014)
Alan Kelly: In summary, it makes sense not to transfer the Housing Finance Agency loans from local authorities to Irish Water for a number of reasons. First, Irish Water's cost base will be reduced and it will not be required to take on other local authority loans in respect of the €450 million in loans for water infrastructure. These loans originated within the Housing Finance Agency and, to...
- Water Services Bill 2014: Committee Stage (Resumed) (16 Dec 2014)
Alan Kelly: Yes.
- Water Services Bill 2014: Committee Stage (Resumed) (16 Dec 2014)
Alan Kelly: Yes.
- Water Services Bill 2014: Committee Stage (Resumed) (16 Dec 2014)
Alan Kelly: Of course, it is. Local authorities will not be left liable for these loans which will be recouped from central funds.
- Water Services Bill 2014: Committee Stage (Resumed) (16 Dec 2014)
Alan Kelly: It is already Government debt.
- Water Services Bill 2014: Committee Stage (Resumed) (16 Dec 2014)
Alan Kelly: I do not see it that way at all.
- Water Services Bill 2014: Committee Stage (Resumed) (16 Dec 2014)
Alan Kelly: Yes, it is €11 billion.
- Water Services Bill 2014: Committee Stage (Resumed) (16 Dec 2014)
Alan Kelly: Approximately, yes.
- Water Services Bill 2014: Committee Stage (Resumed) (16 Dec 2014)
Alan Kelly: Yes, I will. The real issue is that there is a list of loans which were taken out by local authorities. I do not hear Deputies present complaining about how local authorities borrowed this money during the years to ensure services were provided across the country.
- Water Services Bill 2014: Committee Stage (Resumed) (16 Dec 2014)
Alan Kelly: The provision being introduced is to facilitate the more efficient transfer of water service assets and liabilities from the various local authorities. Under the current legislation enacted in 2013, the Minister may designate by order water services property for transfer to Irish Water. Liabilities, including loans, relating to any such property would also automatically transfer at the same...
- Water Services Bill 2014: Committee Stage (Resumed) (16 Dec 2014)
Alan Kelly: There are no issues in respect of EUROSTAT.
- Water Services Bill 2014: Committee Stage (Resumed) (16 Dec 2014)
Alan Kelly: There are no issues with regard to the market-----