The Taoiseach Enda Kenny has claimed that the Government will be able to take Irish Water off its books despite strong concerns being expressed by the European Commission.
The news comes as a commission report has found that it is unclear whether or not the company will be able to borrow money independently. This would mean there would be a serious risk to the State’s finances if Irish Water fails its independent tests scheduled in April. Mr Kenny says the coalition is managing the recovery and noted Irish Water’s funding model is secure.
He added: “The Government have listened very carefully to the concerns of people around the country,” said the Taoiseach. “We have introduced a rate of charge which is very fair and that also includes the opportunity to satisfy the terms of the market test – which we expect we’ll measure up to in that regard.”