Written answers
Thursday, 10 November 2016
Department of Finance
European Investment Bank
Joan 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]
Michael 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:
Project | Sector | Signature Date of contract | Amount (€m) Signed |
---|---|---|---|
2016 | |||
Irish School Programme III | Education | 17-Oct-2016 | 200 |
University College Cork Campus Development | Education | 19-July-2016 | 100 |
Malin Corporation Life Sciences Investments | Services | 22-June-2016 | 40 |
Fineos (MGF) | Industry | 22-June-2016 | 15 |
Primary Care Centres PPP | Health | 25-May-2016 | 70 |
N25 New Ross Bypass PPP | Transport | 26-Jan-2016 | 21.805 |
Total (to date in 2016) | 446.805 | ||
2015 | |||
DCU Campus Development | Education | 21-Dec-15 | 76 |
Dublin Port | Transport | 21-Dec-15 | 100 |
Irish Flood Prevention Programme | Water | 17-Dec-15 | 200 |
Strategic Bank Corporation Ireland (SBCI) | SMEs | 22-Oct-15 | 200 |
M11 Gorey to Enniscorthy Motorway PPP | Transport | 14-Oct-15 | 109 |
Trinity College Dublin | Education | 25-Jun-15 | 70 |
Total | 755 | ||
2014 | |||
Open Access (GFI) | Broadband | 19-Dec-14 | 12 |
HFA - Irish Social Housing Development Programme | Urban Development | 18-Dec-14 | 150 |
NUI Maynooth | Education | 17-Dec-14 | 76.765 |
ESB Network - Renewable Connection | Energy | 30-Oct-14 | 100 |
Irish Water Investment Programme | Water | 29-Oct-14 | 100 |
Strategic Bank Corporation Ireland (SBCI) | SMEs | 28-Oct-14 | 200 |
N17-N18 Gort to Tuam PPP Motorway | Transport | 30-Apr-14 | 143.033 |
Dublin Luas Cross City | Transport | 03-Mar-14 | 150 |
Total | 931.798 | ||
2013 | |||
ESB Renewable Connection | Energy | 09-Dec-13 | 100 |
Vodafone Mobile Limited | Corporate | 27-Nov-13 | 118 |
University of Limerick | Education | 26-Nov-13 | 100 |
Irish School Programme II | Education | 19-Jun-13 | 100 |
N11/N7 Motorway PPP | Infrastructure | 30-Apr-13 | 72 |
AIB Loan for SMEs and Midcaps | SMEs | 26-Apr-13 | 100 |
Bord Gáis Onshore Wind Programme | Energy | 23-Apr-13 | 90 |
Total | 680 | ||
2012 | |||
AIB Loan for SMEs and Midcaps | SMEs | 21-Dec-12 | 100 |
Bord Gáis Onshore Wind Programme | Energy | 28-Nov-12 | 155 |
Irish Water Investment Programme | Energy | 28-Nov-12 | 100 |
Irish Schools Investment Programme (PPP) | Education | 09-Nov-12 | 50 |
Irish School Programme | Education | 06-Jul-12 | 100 |
Total | 505 | ||
2011 | |||
AIB Loan for SMEs II | SMEs | 21-Dec-11 | 150 |
University College Dublin | Education | 17-Nov-11 | 90 |
ESB Network and E-Cars Infrastructure | Energy | 17-Nov-11 | 235 |
Total | 475 |
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