Advertisement

We need your help now

Support from readers like you keeps The Journal open.

You are visiting us because we have something you value. Independent, unbiased news that tells the truth. Advertising revenue goes some way to support our mission, but this year it has not been enough.

If you've seen value in our reporting, please contribute what you can, so we can continue to produce accurate and meaningful journalism. For everyone who needs it.

Old Tap via Shutterstock

Dublin City Council could "lose billions" to Irish Water

The council will be forced to hand over €2 billion worth of assets, but be left with €330 million worth of pension liabilities.

DUBLIN CITY COUNCILLORS last night voted to defer the transfer of assets to Irish Water, saying that they were “extremely concerned” about the deal.

At a special meeting of the council last night, a report was presented that showed that the council would hand over €2 billion worth of assets,  but retain €330 million worth of pension liabilities.

In a motion that was passed, councillors say that they wished to meet with Environment Minister Phil Hogan.

Hogan had declined a request to attend the meeting, which showed that water charges for businesses in Dublin city will be increased, but the council will be unable to compensate business owners for the increase.

The transfer of the assets is due to take place on 1 January, but the Service Level Agreement has not been agreed between Dublin City Council and Irish Water.

This, the council claims, is because they have yet to see the final draft of the agreement.

Fianna Fáil councillor Mary Fitzpatrick said that she felt Hogan was pushing the legislation through.

“The Minister is railroading legislation through the houses of parliament this week which will directly impact Dublin cities commercial competitiveness.

Through his legislation the Minister is dictating the disposal of more than €2billion worth of assets, removing democratic input into the future provision of services, saddling Dublin City Council with €330million pension liability and providing no guarantee that water services will not be sold-off and/or privatised in the future.

Read: Irish Water will not cut off supply to homes over unpaid charges

Read: Irish Water has ‘lot of work to do to provide safe drinking water’

Readers like you are keeping these stories free for everyone...
A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation.

Author
Paul Hosford
View 59 comments
Close
59 Comments
    Submit a report
    Please help us understand how this comment violates our community guidelines.
    Thank you for the feedback
    Your feedback has been sent to our team for review.
    JournalTv
    News in 60 seconds