Oireachtas Joint and Select Committees

Tuesday, 10 February 2015

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

ECOFIN Briefings: Minister for Finance

6:30 pm

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael) | Oireachtas source

I cannot say yet. There is a double tap on the leveraging. Approximately €21 billion is being put in, and that is leveraged three times in the first instance by the EIB, which brings the amount to approximately €63 billion. Then that is leveraged five times to reach the figure of €315 billion. It is at the second stage of leveraging that the matching private sector funds would be involved. As this is Europe-wide, we would not necessarily be confined to Irish companies. If the projects are big enough, the matching funds could come from anywhere, except that they are private sector.

Comments

No comments

Log in or join to post a public comment.