The €450 million loan to planned utility company Irish Water to pay for the installation of household water meters will use up more than half of the National Pension Reserve Fund's (NPRF) cash balances, according to performance figures from the end of 2011.
The NPRF held €856 million in cash balances at the end of December, or about 16 per cent of its discretionary portfolio.
Last week, Minister for the Environment Phil Hogan confirmed that a new...
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