State faces €40m bill over delayed transfer of water treatment plants

The state has been landed with a bill of up to €40m due to the late transfer of water treatment plants from county councils to Irish Water, despite warnings from the Department of Finance that late transfers cold be extremely costly to the state.

22nd February, 2015

In December officials at the Department of Finance flagged concerns that a delay to the planed transfer, which the department had pencilled in for January 1, would mean the cost of upkeep at the plants would be loaded onto the state’s balance sheet rather than borne by Irish Water.

In a note to the Department of the Environment obtained under the Freedom of Information Act, a finance official warned that an “immediate concern is...

Subscribe from just €1 for the first month!


What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

Vincent Boland: In the age of passive investing, there is a place for aggressive activism

Elaine Byrne: The only difference between a drugs victim and a ‘junkie’ is their address

Ian Guider: Serial objectors don’t help in trying to solve the housing crisis

Editorial: Another tough Covid Christmas looms