Government borrowing could save Irish Water €14m a year

"In the current circumstances the pragmatic thing for Irish Water to do is to let the state provide the funding."

Irish Water could save 14 million euro a year if the Government borrows money on its behalf, politicians have been told.

Advisers in the NewERA agency, which examined funding options for the utility, said the pragmatic approach would be to let the state seek finance for its work on new sewers, pipes and drinking water.