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Public Accounts Committee: Oversight of Irish Water: Discussion (15 Jan 2014)

John McGuinness: How does Irish Water know that it is €11 billion? Did it do due diligence?

Public Accounts Committee: Oversight of Irish Water: Discussion (15 Jan 2014)

John McGuinness: In Irish Water's consultation with the Secretary General of the Department, did it at any stage talk to the Department's local government auditors?

Public Accounts Committee: Oversight of Irish Water: Discussion (15 Jan 2014)

John McGuinness: No. I am asking whether it discussed with the Secretary General the audits that were undertaken by local government auditors relative to the assets that it was taking over. "Yes" or "No"?

Public Accounts Committee: Oversight of Irish Water: Discussion (15 Jan 2014)

John McGuinness: Did the Department?

Public Accounts Committee: Oversight of Irish Water: Discussion (15 Jan 2014)

John McGuinness: Did it verify the figure of €11 billion?

Public Accounts Committee: Oversight of Irish Water: Discussion (15 Jan 2014)

John McGuinness: How does that asset valuation within local government compare with asset valuation in the private sector?

Public Accounts Committee: Oversight of Irish Water: Discussion (15 Jan 2014)

John McGuinness: How does the Department factor into the assets' value the fact that they are ancient, leaking and falling asunder in different places and that the quality of water is suspect in various areas, according to reports by the Comptroller and Auditor General?

Public Accounts Committee: Oversight of Irish Water: Discussion (15 Jan 2014)

John McGuinness: Ten what?

Public Accounts Committee: Oversight of Irish Water: Discussion (15 Jan 2014)

John McGuinness: Some €10 billion?

Public Accounts Committee: Oversight of Irish Water: Discussion (15 Jan 2014)

John McGuinness: It could be substantially less.

Public Accounts Committee: Oversight of Irish Water: Discussion (15 Jan 2014)

John McGuinness: The due diligence for which Irish Water is paying €6.2 million will establish that.

Public Accounts Committee: Oversight of Irish Water: Discussion (15 Jan 2014)

John McGuinness: Is that not the due diligence?

Public Accounts Committee: Oversight of Irish Water: Discussion (15 Jan 2014)

John McGuinness: That is the €6.2 million in due diligence.

Public Accounts Committee: Oversight of Irish Water: Discussion (15 Jan 2014)

John McGuinness: From where will the €10 billion investment come if it is necessary?

Public Accounts Committee: Oversight of Irish Water: Discussion (15 Jan 2014)

John McGuinness: Did it come from Irish Water?

Public Accounts Committee: Oversight of Irish Water: Discussion (15 Jan 2014)

John McGuinness: I ask Mr. Tierney to outline how his appointment came about.

Public Accounts Committee: Oversight of Irish Water: Discussion (15 Jan 2014)

John McGuinness: Was it the same process for the other people appointed alongside him?

Public Accounts Committee: Oversight of Irish Water: Discussion (15 Jan 2014)

John McGuinness: How is the board of Bord Gáis appointed?

Public Accounts Committee: Oversight of Irish Water: Discussion (15 Jan 2014)

John McGuinness: How many members are there on your board?

Public Accounts Committee: Oversight of Irish Water: Discussion (15 Jan 2014)

John McGuinness: So Bord Gáis has eight.

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