Dáil Éireann Debate, Thursday - 21 January 2016
154. Deputy Mattie McGrath asked the Minister for the Environment, Community and Local Government the funding or assistance he has provided to Irish Water for the proposed construction of its treatment plant in Clonmel, County Tipperary; and if he will make a statement on the matter. [2639/16]
Amharc ar fhreagraIrish Water has statutory responsibility for all aspects of water services planning, delivery and operation at national, regional and local levels including the delivery of water services capital infrastructure such as the treatment plant in Clonmel. 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. The main aspects of the Irish Water funding model are set out in a detailed fact sheet published on my Department’s website.
The capital contribution agreed by Government for Irish Water in 2015 and 2016 is €406 m. This financing is intended to support increased investment in public water services infrastructure by Irish Water. €222 m in respect of 2015 was provided to Irish Water in December 2014 by the Minister for Finance and the remaining €184 m is due to be provided in 2016.
