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Irish Water investment decreases
22 Dec 2014 20:08
Investment by Irish Water in infrastructure this year is set to be significantly lower than the average annual spend by Government over the previous ten years.
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Documents obtained by RTÉ News under Freedom of Information show the company's capital spend on infrastructure up to November this year was €300m.
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The average annual spend by Government between 2004 and 2013 was €430m.
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Other documents show Irish Water is on course to fix the same number of leaks this year as were repaired last year.
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This is despite a massive water meter installation programme that the company said would help it to find leaks.
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One thing that all sides of the debate on water charges can agree is that in the past there has not been enough investment in water infrastructure.
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This has resulted in water not fit to drink in some counties, barely enough water in Dublin and no sewage treatment in many towns.
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However, the last two years has seen the lowest level of investment in water services since 1998.
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Investment peaked at €512m in 2009, but the Government spent just €275m in 2013, as it prepared to hand over the system to Irish Water.
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In the first 11 months of this year, Irish Water spent just under €300m.
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It is committed to investing €1.77 billion over the three years 2014, 2015 and 2016.
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