Wednesday September 23, 2020

Water meter loan to be inflation-linked

The €450 million loan to planned utility company Irish Water to pay for household water meters will use up more than half of the National Pension Reserve Fund's cash balances.

21st April, 2012

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...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The best writing and and the biggest stories of 2019 from the Business Post

Richie Oakley | 8 months ago

Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals

Leanna Byrne | 4 years ago