Results 1-6 of 6 for 5 million segment:6657118

Joint Oireachtas Committee on the Future Funding of Domestic Water Services: Irish Water and Commission for Energy Regulation (12 Jan 2017)

Mr. Michael McNicholas: If the State borrowed the same short-term money, it would be a difference of about €15 million. The State does not borrow short term; it borrows over a ten-year period. We would be getting funding out of a ten-year fund and the difference would be about €4 million between us borrowing at short term and the State giving us its more long-term borrowing....

Joint Oireachtas Committee on the Future Funding of Domestic Water Services: Irish Water and Commission for Energy Regulation (12 Jan 2017)

Pádraig Ó Céidigh: Can we get clarity on that? Currently, the cost is approximately €20 million. If it was funded in the long term by the State it would be approximately €5 million. Is that correct?

Joint Oireachtas Committee on the Future Funding of Domestic Water Services: Irish Water and Commission for Energy Regulation (12 Jan 2017)

...Currently, Irish Water is borrowing on a one-year rolling basis. That would not be typical for a utility but it would be typical for a start-up utility. We fund our gas business on a ten-year, 15-year or 20-year basis, so that is the type of money one would get. If we compare the current cost of Irish Water borrowing on a one-year basis with that of Government borrowing on a one-year...

Joint Oireachtas Committee on the Future Funding of Domestic Water Services: Irish Water and Commission for Energy Regulation (12 Jan 2017)

...in December, we have a breakdown of the savings. As expected, saving have been made in procurement because now one has one utility procuring versus 34 previously, and in the region of €34 million has been saved. Other savings one would expect to see is in the cost of labour and savings of €21 million have been made. In regard to the roll-out of minor capital works, one...

Joint Oireachtas Committee on the Future Funding of Domestic Water Services: Irish Water and Commission for Energy Regulation (12 Jan 2017)

...the investment requirements over the next five years as well as into the medium and longer term. I will translate what that means in terms of the financial numbers for the business. On page 25 of our submission we look at the growth in the assets being managed by Irish Water. The first chart shows capital expenditure, in 2015 values, for the period 2014 to 2021, with a significant...

Joint Oireachtas Committee on the Future Funding of Domestic Water Services: Irish Water and Commission for Energy Regulation (12 Jan 2017)

Mick Barry: However, there is also the question of rolling out metering to a greater number of households. Let us consider that for a moment. According to the Irish Examinerof 5 January last, the Minister said that he expected the free water allowance per adult to be agreed by the Dáil to be 123 litres per day, or a little more. I do not know how the Minister knows that, but we will leave that...