Dáil Éireann Debate, Friday - 16 September 2016
635. Deputy Eoin Ó Broin asked the Minister for Housing, Planning, Community and Local Government the composition of the €533 million, including the portion that is expected to come from Exchequer funding and the portion from Government borrowing or equity or debt financing regarding the €533 million allocated for Irish Water capital investment in 2017, as per the Irish Water Business Plan, in tabular form. [25931/16]
View answerIrish Water’s capital investment in 2017 will be funded by a mix of debt and equity (including capital transfers from Government). Its investment programme for the period 2017 to 2018 is subject to review by the Commission for Energy Regulation (CER), and Government funding is subject to budgetary decisions. The CER expects to consult publicly on the level of Irish Water's allowed revenue, including proposals on operational and capital budgets, for the 2017 and 2018 period before the end of September 2016 with a view to a final decision being made by the CER in Quarter 4 2016.
Irish Water's costs are funded through a mix of revenue from the domestic and non-domestic sector, third party finance (including bank lending and capital markets facilities) and State support which may be in the form of both equity and subvention.
Irish Water's revenue shortfall arising from the proposed suspension of domestic water charges in 2016, and the Government's financial support to Irish Water for 2017 and 2018 are currently under consideration. I intend to bring my proposals on this matter to Government shortly.
