It pays a dividend of about 5 per cent on the government’s investment, but most of the profits are reinvested. As a result, the major investment programme of ESB has not, to date, required substantial further State funding. Such a programme is needed, both to tackle deficiencies in the current elderly water and sewerage infrastructure, and to cater for our expanding population. HamperedThe result today is that investment in housing is hampered by the inadequate water and sewerage system. A strong commercial State company, like the ESB, was the model proposed.
