Written answers

Thursday, 10 November 2016

Department of Finance

European Investment Bank

Photo of Joan BurtonJoan Burton (Dublin West, Labour)
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81. To ask the Minister for Finance the detail of projects here supported by the European Investment Bank specifically in relation to housing, education, health and broadband; and if he will make a statement on the matter. [34091/16]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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The European Investment Bank (EIB) is the long-term financing institution of the European Union. Its mission is to help implement the EU's policy objectives by providing financing to projects that address these objectives. The EIB may lend to lend to Governments, public sector bodies, commercial semi-state bodies or private sector entities.

The Deputy will find in the table a breakdown of private and public sector (including commercial semi-state) projects in Ireland to which the European Investment Bank (EIB) has provided financing. The table sets out the project name, the sector involved, the date of contract signature and amount for each project for the period 2011-2016 (to date).  Projects from the Housing, Education, Health and Broadband sectors are highlighted in italics and bold.

The Deputy should note that the amounts listed in the table below refer to the EIB contribution to a particular project, which is normally limited to no more than 50% of the project cost. In addition, the timing of the actual financing drawn down from the EIB is determined within individual financing contracts which is a matter for the EIB and each project promoter.

The Deputy may also wish to be aware that information on the projects signed between the EIB and project promoters in Ireland is also publicly available on the EIB website. A link to the relevant section of the site is available here:

ProjectSectorSignature Date of contractAmount (€m) Signed
2016
Irish School Programme IIIEducation17-Oct-2016200
University College Cork Campus DevelopmentEducation19-July-2016100
Malin Corporation Life Sciences InvestmentsServices22-June-201640
Fineos (MGF)Industry22-June-201615
Primary Care Centres PPPHealth25-May-201670
N25 New Ross Bypass PPPTransport26-Jan-201621.805
Total (to date in 2016)446.805
2015
DCU Campus DevelopmentEducation21-Dec-1576
Dublin PortTransport21-Dec-15100
Irish Flood Prevention ProgrammeWater17-Dec-15200
Strategic Bank Corporation Ireland (SBCI)SMEs22-Oct-15200
M11 Gorey to Enniscorthy Motorway PPPTransport14-Oct-15109
Trinity College DublinEducation25-Jun-1570
Total755
2014
Open Access (GFI)Broadband19-Dec-1412
HFA - Irish Social Housing Development ProgrammeUrban Development18-Dec-14150
NUI MaynoothEducation17-Dec-1476.765
ESB Network - Renewable ConnectionEnergy30-Oct-14100
Irish Water Investment ProgrammeWater29-Oct-14100
Strategic Bank Corporation Ireland (SBCI)SMEs28-Oct-14200
N17-N18 Gort to Tuam PPP MotorwayTransport30-Apr-14143.033
Dublin Luas Cross City Transport03-Mar-14150
Total931.798
2013
ESB Renewable ConnectionEnergy09-Dec-13100
Vodafone Mobile LimitedCorporate27-Nov-13118
University of LimerickEducation26-Nov-13100
Irish School Programme IIEducation19-Jun-13100
N11/N7 Motorway PPPInfrastructure30-Apr-1372
AIB Loan for SMEs and MidcapsSMEs26-Apr-13100
Bord Gáis Onshore Wind ProgrammeEnergy23-Apr-1390
Total680
2012
AIB Loan for SMEs and MidcapsSMEs21-Dec-12100
Bord Gáis Onshore Wind ProgrammeEnergy28-Nov-12155
Irish Water Investment ProgrammeEnergy28-Nov-12100
Irish Schools Investment Programme (PPP)Education09-Nov-1250
Irish School Programme Education06-Jul-12100
Total505
2011
AIB Loan for SMEs IISMEs21-Dec-11150
University College DublinEducation17-Nov-1190
ESB Network and E-Cars InfrastructureEnergy17-Nov-11235
Total475

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