Dáil Éireann Debate, Tuesday - 4 November 2014
299. Deputy Michael McGrath asked the Minister for Finance the total amount of equity capital that has been provided by the State to Irish Water to date; the planned equity investments in 2015 and 2016; and if he will make a statement on the matter. [41407/14]
View answerAs part of Budget 2014, Government agreed that a €240 million equity investment would be made in Irish Water from the Exchequer. In accordance with this agreement, in July 2014 a €185 million 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.
