Pearse Doherty (Donegal South West, Sinn Fein)
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364. To ask the Minister for Environment, Community and Local Government if he will outline in detail what the figure of €635 million in the public capital programme for water and sewerage services programme is comprised of. [6511/14]

Phil Hogan (Carlow-Kilkenny, Fine Gael)
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The 2014 Revised Estimates Volume (REV) includes €635m in the Public Capital Programme Non-Voted Capital in respect of the Water and Sewerage Services. This reflects the capital programme of Irish Water, which is a commercial utility and a subsidiary of Bord Gáis Éireann, formed and registered under the Companies Act, for the establishment and initial operational costs of Irish Water (which will be capitalised), the roll-out of the national domestic metering programme and investment in water services infrastructure. Of this amount, €240m is proposed as an equity investment by the Minister for Finance, and the balance will be raised through borrowing subject to my consent and that of the Minister for Communications, Energy and Natural Resources, the Minister for Finance and the Minister for Public Expenditure and Reform.