independent

Friday 18 April 2014

Bord Gais boss defends €50m spend

Bord Gais chief executive Michael McNicholas

THE head of Bord Gais has denied money was wasted on consultants in the setting up of Irish Water, and warned that €600m will have to be spent on the new utility every year.

Bord Gais chief executive Michael McNicholas warned that the country's water infrastructure was in crisis - but claimed it had already saved the economy €100m.

Bord Gais is the state agency charged with setting up Irish Water, which was plunged into controversy last week when the scale of its €50m spend on consultants was revealed.

Speaking about a perception that money had been wasted on consultants, he said: "They are absolutely right to feel that anger, if that was what was done. It wasn't what was done.

"We have to explain to people that real investment in the future of economic growth in this country has been made."

Irish Independent

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