Oireachtas Joint and Select Committees
Thursday, 4 May 2017
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Improving Investment Opportunities in the Wider Economy: Discussion
10:00 am
Mr. Andrew McDowell:
I can check with my colleague but it is the economic life. Generally, in terms of the cost-benefit analysis, it would probably be 30 to 35 years on a road project. Our financing of the project is a matter of negotiation between us and the promoter of the project. Suffice it to say the EIB is the provider of the longest-term financing for infrastructure in Europe. We do finance certain infrastructure projects with financing terms that stretch as far as 30 years and in some cases, even longer. That can obviously make some projects financially much more feasible than would be the case if financing was only available for five, ten or even 15 years.
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