WATER
NewERA will invest €4.2 billion to upgrade Ireland's water infrastructure. We will deliver real economies of scale by bringing all of Ireland's water assets under the ownership of one State company, "Irish Water".
Ireland currently spends €700 million (excluding capital expenditure) each year to produce clean drinking water. Yet around 43% of water is wasted through leakages in the water system. The fragmented nature of the water industry, in which 34 local authorities are responsible for investment and maintenance, also means that there are currently no real economies of scale.
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