Oireachtas Joint and Select Committees
Thursday, 29 June 2017
Committee on Budgetary Oversight
Capital Investment: European Investment Bank
10:00 am
Mr. Andrew McDowell:
Yes. I should have clarified that we are discussing projects with the Irish Government and we are doing as much as we can in terms of what we call a pre-appraisal process in terms of providing finance options for projects before the Government has made a formal decision to authorise those projects and make a formal financing application to the European Investment Bank, EIB, to try to accelerate the process if and when the Government decides formally to proceed with a project. That process of exchange of information is taking place.