Seán Crowe (Dublin South West, Sinn Fein)
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Question 35: To ask the Minister for Jobs, Enterprise and Innovation if he has approached the European Investment Bank to co-fund capital building projects. [28876/11]

Richard Bruton (Dublin North Central, Fine Gael)
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I have not formally approached the European Investment Bank to co-fund capital building projects. However, my Department has explored EIB funding options. Under Cycle 5 the Programme for Research in Third Level Institutions (PRTLI), one project utilised European Investment Bank funding in order to co-fund a capital building project. The project involved was the TCD Biomedical Building which has been constructed on Pearse Street. €54,571,000 is exchequer funding and a further €20,594,000 funding was privately sourced by the HEI. Within, and subject to, the terms of the Borrowing Framework as established under Section 38 of the Universities Act (1997), universities are autonomous and, therefore, may act independently when seeking and securing loans.