Complete Denial: Irish Water say they plan on spending €5.5bn of taxpayer money even though the utilities future remains unclear – TheLiberal.ie – Our News, Your Views

Complete Denial: Irish Water say they plan on spending €5.5bn of taxpayer money even though the utilities future remains unclear




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Management at the much hated state utility Irish Water, have revealed they plan to spend a staggering €5.5bn of public money over the next five years.

The news which will anger most comes the continued uncertainty surrounding the company still remains unclear, the state utility say they are fully invested in using all public funds to remove lead piping from the infrastructure system and to install half a million boxes for water meters.

To make matters even worse Irish Water bosses say they have already agreed to borrow €200 million from the European Investment Bank with contracts due to be signed in the coming months, that agreement will most likely cost the Irish taxpayer even more with charges expected to rise within the next two years.

However the future of Irish Water still could in jeopardy if the Fianna Fáil party are given power in the next Dail as they want to see the water charges abolished.

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