Claim city council will lose €2bn in assets to Irish Water

A war of words has broken out between the Department of Environment and a local authority over fears councils will be left facing massive debt as a result of the transfer of assets to Irish Water in January.

On Monday night, city manager Owen Keegan broke the news that Dublin City Council is set to lose €2bn in assets due to the move.

He further warned that the council will also be left with hundreds of millions of euro in related liabilities.