Written answers

Wednesday, 18 September 2013

Photo of Seán KyneSeán Kyne (Galway West, Fine Gael)
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140. To ask the Minister for Finance if he will outline the number and location of projects for which his Department has secured funding from the European Investment Bank in 2013; and the progress of the engagement between his Department and the Council of Europe Bank. [38091/13]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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To date this year, the EIB Board of Directors has approved three loans for Irish projects. These include a €100 million loan to the Exchequer for the construction, extension and refurbishment of public school buildings on a nationwide basis; a €100 million loan for the University of Limerick for, inter alia, the construction of new medical, pharmaceutical and engineering facilities; and a loan for €118 million for Vodafone Ireland Ltd. As well as the above mentioned, a loan for €200 million has just been approved by the Board of Directors on 17 September 2013, for ESB in relation to its Renewable Network in the south-west region. In addition, the following loans which had been approved by the Board of Directors prior to 2013 were signed by the Bank and the relevant project promoter this year: a €100 million loan intermediated and matched by AIB to provide an additional €200 million for SMEs to support investment in a range of sectors including agribusiness, services, retail and manufacturing throughout the country; a loan of €72 million for the N11 PPP Roads; and a €90 million loan for Bord Gáis in relation to Onshore Wind Development at locations in Leinster, Munster and Connaught. Overall, funding from the EIB this year is set to improve upon 2012 levels.

With regard to the Council of Europe Development Bank (CEB), in March, 2013, the Bank approved loan applications by the National Development Finance Agency (NDFA) amounting to €41 million on behalf, respectively, of the Irish Prison Service and the Irish Youth Justice Service towards the part-financing of a new prison facility in Cork (€22.7 million) and a National Children Detention Facility at Oberstown, Co. Dublin (€18.3 million).

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