Written answers

Thursday, 26 January 2017

Department of Finance

European Investment Bank Loans

Photo of Niall CollinsNiall Collins (Limerick County, Fianna Fail)
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65. To ask the Minister for Finance the total number of project applications entered by the State under the European Investment Bank for investment and infrastructural projects, per annum in each of the years 2010 to 2016, in tabular form; the number of successful agreements to date; the estimated total expected drawdown of funds; and if he will make a statement on the matter. [3730/17]

Photo of Niall CollinsNiall Collins (Limerick County, Fianna Fail)
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66. To ask the Minister for Finance the total number of project applications entered by the State under the European Investment Bank for investment and infrastructural projects, in 2017 in tabular form; the estimated total expected drawdown of funds; and if he will make a statement on the matter. [3731/17]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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I propose to take Questions Nos. 65 and 66 together.

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 both 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 2010-2016.

The Deputy should note that the figures set out in the table refer to the contract amount. The schedule for finance drawdown from EIB for each project is determined within individual financing contracts and is confidential between the EIB and the 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: .

No contracts, according to the EIB website, have been signed to date in 2017 with project promoters in Ireland. I am not in a position to indicate how many contracts will be signed by the EIB and Irish entities (whether in the public or private sector) in 2017 as there are a range of factors that determine whether a finance contract will ultimately be signed for any project proposal in any given year. Such factors may include project proposal maturity, agreement between EIB and the project promoter on financing terms and the availability of matching or alternative finance.

ProjectSectorSignature Date of contractAmount (€m) Signed*
2016
Coillte Sustainable ForestryAgriculture, Fisheries, Forestry22-Dec-1690
HFA Irish Social HousingUrban Development21-Dec-16 200
Davos Fund II Co-Investment ForestryAgriculture, Fisheries, Forestry12-Dec-1628.5
RCSI Campus DevelopmentEducation09-Dec-1650
Amryt Pharma Industry01-Dec-1610
Irish Schools Programme IIIEducation17-Oct-16200
University College Cork Campus DevelopmentEducation19-July-16100
Malin Corporation Life Sciences InvestmentsServices22-June-1640
FineosIndustry22-June-1615
Primary Care Centres PPPHealth25-May-1670
N25 New Ross Bypass PPPTransport26-Jan-1621.806
Total825.306
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-15109.105
Trinity College DublinEducation25-Jun-1570
Total755.105
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-14143.034
Dublin Luas Cross City Transport03-Mar-14150
Total931.799
2013
ESB Renewable ConnectionEnergy09-Dec-13100
Vodafone Mobile LimitedCorporate27-Nov-13117.619
University of LimerickEducation26-Nov-13100
Irish School Programme IIEducation19-Jun-13100
N11/N7 Motorway PPPInfrastructure30-Apr-1372.156
AIB Loan for SMEs and MidcapsSMEs26-Apr-13100
Bord Gáis Onshore Wind ProgrammeEnergy23-Apr-1390
Total679.775
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-1249.990
Irish School Programme Education06-Jul-12100
Total504.990
2011
AIB Loan for SMEs IISMEs21-Dec-11150
University College DublinEducation17-Nov-1190
ESB Network and E-Cars InfrastructureEnergy17-Nov-11235
Total475
2010
Car Efficiency and Safety RDI RSFFIndustry01-Oct-1015
Bord Gais Whitegate CCGTEducation02-July-10197
Irish Schools Investment ProgrammeEducation02-June-1044.173
Total256.173
* Please note that the figures are rounded to 3 decimal places where appropriate.

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