This week’s announcement of investment of€1.7billion over three years amounts to just under €600 million a year – the same amount that is currently being spent on maintaining water network. It’s also €500 million a year less than the Government’s own report recommends is invested in water services.
This is nothing more than a PR stunt ahead of next week’s elections. It represents absolutely no new spending on our water services. Irish Water made the announcement amid great fanfare, but the government spin here is trying to hide the fact that it does not amount to one single cent of new investment. It’s exactly what was being spent on the water network anyway, before this Government came into office and before Irish Water was established. The only change is that the say on water services has been taken from the public and given to a new super quango.