T McGibney
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However, Irish Water is borrowing on balance sheet so the Irish State can borrow on balance sheet, but at a much lower cost, to do exactly the same thing. It costs approximately twice as much money in Ireland per capita to supply water as it does in the UK, including in Northern Ireland where there is a similar geography and population density. Therein lies the answer to finding the several hundred million euro per year required for capital investment in the system."
Extract from Stephen Donnelly. DAIL.
So Donnelly wants the State, which is already indebted to the point of ruination, to borrow even more, with the taxpayer again left to meet the cost of repaying these additional borrowings.