Eoin Ó Broin (Dublin Mid West, Sinn Fein)
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1622. To ask the Minister for Housing, Planning, and Local Government further to page 23 of the Irish Water business plan, the amount of the €533 million capital investment plan for 2017 which was government capital expenditure. [35133/17]

Eoin Ó Broin (Dublin Mid West, Sinn Fein)
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1623. To ask the Minister for Housing, Planning, and Local Government further to page 23 of the Irish Water business plan, the amount of the €595 million capital investment projection for 2018 which is government capital expenditure. [35134/17]

Eoghan Murphy (Dublin Bay South, Fine Gael)
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I propose to take Questions Nos. 1622 and 1623 together.

Irish Water has set out its Capital Investment Plan up to the year 2021 in its Business Plan. In December 2016, the CER made a decision on the second regulatory period 2017-2018 setting allowed revenue for this period, including proposals on operational and capital budgets. A copy of the CER's decision is available on its website, www.cer.ie.

Irish Water’s capital programme is currently funded by a mix of debt, equity and an element of  customer revenue, including operational subvention (the current operational subvention in line with the domestic water charging regime set out in the Water Services Act 2014 is equivalent to the purchase of water on behalf of domestic customers relating to a product subsidy, capped charges and child allowance). 

A breakdown of funding requirements on cash-flow terms in line the Business Plan is set out in Irish Water's submission to the Joint Oireachtas Committee on the Future Funding of Domestic Water Services . This document forecasts that the €531m capital spending in cash-flow terms in 2017 will be met by €270m in Equity provided by the Minister for Finance, €132m in Debt and the balance will be met from funding from customer revenue and subvention from my Department.

The future funding of Irish Water from State sources is currently under review following the recommendations of the Joint Oireachtas Committee on the Future Funding of Domestic Water Services.  Irrespective of the source of funding, all Irish Water spending net of customer revenue is counted as Government spending.