State funding provided to Irish Water since its establishment in 2014 has been in the form of operating subvention, capital contribution and replacement revenue as follows:
State Funding of Irish Water
|
2014
€m
|
2015
€m
|
2016
€m
|
Operating Subvention
|
439
|
399
|
479
|
Capital Contribution
|
239
|
222
|
184
|
Replacement Revenue (in lieu of the suspension of domestic water charges)
|
-
|
-
|
123
|
Working Capital Loan (converted to subvention in light of the suspension of domestic water charges)
|
-
|
-
|
50
|
Total
|
678
|
621
|
836
|
In addition to the above, a grant of €0.57m was provided to Irish Water in 2013 to fund the cost of a pilot study in relation to Phase 2 of the Water Metering Programme which was targeted at metering those properties that were not meterable in the Phase 1 Programme.
Separately, loan finance has been provided to Irish Water by the National Pension Reserve Fund/Irish Strategic Investment Fund.