Michael McGrath
Question:188. Deputy Michael McGrath asked 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]
View answerTuesday, 11 November 2014
Questions (188)
Written answers
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.