Irish Water owes €14m in debt interest

Irish Water owes the taxpayer over €14m as a result of interest accrued and fees on a loan from the National Pension Reserve Fund to pay for the controversial installation of meters.

The debt was confirmed by Finance Minister Michael Noonan after a Dáil parliamentary question revealed the original €250m loan had risen to €300m.

Responding to questions from the Fianna Fáil environment spokesman Barry Cowen, Mr Noonan said the money was provided to help Irish Water pay for meters being installed from 2015 to 2019.