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

John McGuinness: Where does it come from?

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

John McGuinness: Where did the National Pensions Reserve Fund come from in the first place?

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

John McGuinness: Did it come from the taxpayer?

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

John McGuinness: Yes.

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

John McGuinness: It came from the taxpayer. The money from the household charge came from the taxpayer.

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

John McGuinness: If these figures did not come in some way from the taxpayer, you have wasted four hours today and four hours yesterday. There would be nothing to worry about. I am worried because it is taxpayers' money and it is a huge amount of money to pay for consultants. The direct answers regarding the assets that were acquired for that €50 million must be stated clearly. The explanations...

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

John McGuinness: I know, but I have a view on it.

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

John McGuinness: Yes.

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

John McGuinness: Was anybody put through that process and did they lose their job, from Bord Gáis?

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

John McGuinness: Given the amount of money spent on consultants, there are a lot of figures you do not have.

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

John McGuinness: How much does that 10% represent in money terms?

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

John McGuinness: It is 10% in terms of numbers but what does it represent in terms of spending?

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

John McGuinness: How will that be reflected?

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

John McGuinness: I would have thought there would be a view on big items like that. Again, it comes down to the €6 million for due diligence. I hope when the due diligence is being done, there will be consideration of the Comptroller and Auditor General's report for 2008. A further €898 million was invested in infrastructure and the Environmental Protection Agency decided there was no benefit...

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

John McGuinness: Did you, as the chief executive, discuss Irish Water with any of those people?

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

John McGuinness: They are the chief executives of UK water service providers - Scottish Water, Southern Water, Thames Water and Welsh Water - and they have all gone through this process.

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

John McGuinness: Nobody had discussions with them to get a general feel for the matter?

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

John McGuinness: Did Mr. Barry have discussions with those people?

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

John McGuinness: Was it only Scottish Water?

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

John McGuinness: Was that beneficial?

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