Michael McGrath (Cork South Central, Fianna Fail)
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188. To ask the Minister for Finance the level of equity capital he expects to provide Irish Water to meet its requirements; and if he will make a statement on the matter. [42854/14]

Michael Noonan (Limerick City, Fine Gael)
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As part of Budget 2014, Government agreed that a €240 million equity investment would made in Irish Water by the Exchequer. In accordance with this agreement, in July 2014 €185 million in capital contribution was made and it is expected that a €54 million convertible debt instrument will be issued shortly.

In May 2014 Government agreed to the provision of a total of €406 million in equity investment for the two year period 2015/2016.