Written answers
Thursday, 14 November 2019
Department of Finance
Infrastructure and Capital Investment Programme
Robert Troy (Longford-Westmeath, Fianna Fail)
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55. To ask the Minister for Finance the number of project applications entered under the European Investment Bank for investment and infrastructure projects from 2014 to 2018 and to date in 2019, in tabular form; the number of successful agreements to date; the estimated amount of expected drawdown of funds annually; and if he will make a statement on the matter. [47063/19]
Paschal Donohoe (Dublin Central, Fine Gael)
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I am advised by the EIB and the NTMA (in relation to loans to the Exchequer) that the position is as set out in the following tables. The information relates to public sector projects in Ireland which have been signed during the period specified by the Deputy. I am advised by the EIB that the Bank would not have statistics on applications, as there is not an application process per se. The launch of a loan appraisal, which is published on the EIB website, is the first stage of the loan approval process.
EIB signed public sector investment and infrastructure in Ireland, 2014-2019
| Operation Name | Sector | Signature Date | Contract Amount (EURm) |
|---|---|---|---|
| DUBLIN LUAS CROSS CITY | SECTION H : TRANSPORTATION AND STORAGE | 03/03/2014 | 120.00 |
| DUBLIN LUAS CROSS CITY | SECTION H : TRANSPORTATION AND STORAGE | 03/03/2014 | 30.00 |
| N17-N18 GORT TO TUAM PPP MOTORWAY | SECTION H : TRANSPORTATION AND STORAGE | 30/04/2014 | 143.03 |
| STRATEGIC BANKING CORPORATION OF IRELAND | SECTION Z : GLOBAL LOANS, LOANS FOR SMES, LOANS FOR SMES AND MID-CAPS, LOANS FOR MID-CAPS | 28/10/2014 | 200.00 |
| IRISH WATER INVESTMENT PROGRAMME | SECTION E : WATER SUPPLY; SEWERAGE, WASTE MANAGEMENT AND REMEDIATION ACTIVITIES | 29/10/2014 | 9.00 |
| IRISH WATER INVESTMENT PROGRAMME | SECTION E : WATER SUPPLY; SEWERAGE, WASTE MANAGEMENT AND REMEDIATION ACTIVITIES | 29/10/2014 | 0.00 |
| IRISH WATER INVESTMENT PROGRAMME | SECTION E : WATER SUPPLY; SEWERAGE, WASTE MANAGEMENT AND REMEDIATION ACTIVITIES | 29/10/2014 | 67.00 |
| IRISH WATER INVESTMENT PROGRAMME | SECTION E : WATER SUPPLY; SEWERAGE, WASTE MANAGEMENT AND REMEDIATION ACTIVITIES | 29/10/2014 | 0.00 |
| IRISH WATER INVESTMENT PROGRAMME | SECTION E : WATER SUPPLY; SEWERAGE, WASTE MANAGEMENT AND REMEDIATION ACTIVITIES | 29/10/2014 | 24.00 |
| IRISH WATER INVESTMENT PROGRAMME | SECTION E : WATER SUPPLY; SEWERAGE, WASTE MANAGEMENT AND REMEDIATION ACTIVITIES | 29/10/2014 | 0.00 |
| ESB NETWORK - RENEWABLE CONNECTION | SECTION D : ELECTRICITY, GAS, STEAM AND AIR CONDITIONING SUPPLY | 30/10/2014 | 92.00 |
| ESB NETWORK - RENEWABLE CONNECTION | SECTION D : ELECTRICITY, GAS, STEAM AND AIR CONDITIONING SUPPLY | 30/10/2014 | 8.00 |
| NATIONAL UNIVERSITY OF IRELAND MAYNOOTH | SECTION P : EDUCATION | 17/12/2014 | 76.77 |
| HFA - IRISH SOCIAL HOUSING DEVELOPMENT | SECTION F : CONSTRUCTION | 18/12/2014 | 150.00 |
| OPEN ACCESS (GFI) | SECTION J : INFORMATION AND COMMUNICATION | 19/12/2014 | 12.00 |
| OPEN ACCESS (GFI) | SECTION J : INFORMATION AND COMMUNICATION | 19/12/2014 | 0.00 |
| ANNUAL TOTAL | 931.80 | ||
| TRINITY COLLEGE DUBLIN EDUCATION INITIATIVES | SECTION P : EDUCATION | 25/06/2015 | 70.00 |
| M11 GOREY TO ENNISCORTHY MOTORWAY | SECTION H : TRANSPORTATION AND STORAGE | 14/10/2015 | 109.10 |
| STRATEGIC BANKING CORPORATION OF IRELAND | SECTION Z : GLOBAL LOANS, LOANS FOR SMES, LOANS FOR SMES AND MID-CAPS, LOANS FOR MID-CAPS | 22/10/2015 | 200.00 |
| IRISH FLOOD PREVENTION PROGRAMME | SECTION E : WATER SUPPLY; SEWERAGE, WASTE MANAGEMENT AND REMEDIATION ACTIVITIES | 17/12/2015 | 200.00 |
| DUBLIN PORT DEVELOPMENT | SECTION H : TRANSPORTATION AND STORAGE | 21/12/2015 | 100.00 |
| DUBLIN CITY UNIVERSITY CAMPUS DEVELOPMENT | SECTION P : EDUCATION | 21/12/2015 | 76.00 |
| ANNUAL TOTAL | 755.10 | ||
| N25 NEW ROSS BYPASS PPP | SECTION H : TRANSPORTATION AND STORAGE | 26/01/2016 | 21.81 |
| PRIMARY CARE CENTRES PPP | SECTION Q : HUMAN HEALTH AND SOCIAL WORK ACTIVITIES | 25/05/2016 | 70.00 |
| UNIVERSITY COLLEGE CORK CAMPUS DEVELOPMENT | SECTION P : EDUCATION | 19/07/2016 | 100.00 |
| IRISH SCHOOL PROGRAMME III | SECTION P : EDUCATION | 17/10/2016 | 200.00 |
| RCSI CAMPUS DEVELOPMENT | SECTION P : EDUCATION | 09/12/2016 | 50.00 |
| HFA - IRISH SOCIAL HOUSING | SECTION F : CONSTRUCTION | 21/12/2016 | 200.00 |
| COILLTE SUSTAINABLE FORESTRY | SECTION A : AGRICULTURE, FORESTRY AND FISHING | 22/12/2016 | 45.00 |
| COILLTE SUSTAINABLE FORESTRY | SECTION A : AGRICULTURE, FORESTRY AND FISHING | 22/12/2016 | 45.00 |
| ANNUAL TOTAL | 731.81 | ||
| NATIONAL UNIVERSITY OF IRELAND GALWAY CAMPUS | SECTION P : EDUCATION | 30/06/2017 | 60.00 |
| LIMERICK 2030 REGENERATION PROGRAMME | SECTION F : CONSTRUCTION | 16/11/2017 | 85.00 |
| NATIONAL CHILDREN HOSPITAL - DUBLIN | SECTION Q : HUMAN HEALTH AND SOCIAL WORK ACTIVITIES | 08/12/2017 | 490.00 |
| FINGAL COUNTY COUNCIL INVESTMENT PROGRAMME | SECTION F : CONSTRUCTION | 19/12/2017 | 70.00 |
| PORT OF CORK - RINGASKIDDY PORT REDEVELOPMENT | SECTION H : TRANSPORTATION AND STORAGE | 20/12/2017 | 30.00 |
| ANNUAL TOTAL | 735.00 | ||
| GRANGEGORMAN PPP | SECTION M : PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES | 28/03/2018 | 21.97 |
| GRANGEGORMAN PPP | SECTION P : EDUCATION | 28/03/2018 | 87.90 |
| TCD ENGINEERING ENERGY & ENVIRONMENT INSTITUTE | SECTION P : EDUCATION | 05/10/2018 | 100.00 |
| E-HEALTH IRELAND | SECTION Q : HUMAN HEALTH AND SOCIAL WORK ACTIVITIES | 12/10/2018 | 225.00 |
| GAS NETWORKS IRELAND | SECTION D : ELECTRICITY, GAS, STEAM AND AIR CONDITIONING SUPPLY | 07/12/2018 | 100.00 |
| ANNUAL TOTAL | 534.87 | ||
| IRISH SOCIAL HOUSING PPP | SECTION F : CONSTRUCTION | 19/03/2019 | 59.43 |
| IRISH SOCIAL HOUSING PPP | SECTION F : CONSTRUCTION | 19/03/2019 | 1.88 |
| SBCI BUSINESS SUPPORT INVESTMENT PLATFORM | SECTION Z : GLOBAL LOANS, LOANS FOR SMES, LOANS FOR SMES AND MID-CAPS, LOANS FOR MID-CAPS | 14/06/2019 | 14.40 |
| SBCI BUSINESS SUPPORT INVESTMENT PLATFORM | SECTION Z : GLOBAL LOANS, LOANS FOR SMES, LOANS FOR SMES AND MID-CAPS, LOANS FOR MID-CAPS | 14/06/2019 | 133.60 |
| DUBLIN AIRPORT OPERATIONAL RESILIENCE UPGRADE | SECTION H : TRANSPORTATION AND STORAGE | 21/06/2019 | 323.05 |
| DUBLIN AIRPORT OPERATIONAL RESILIENCE UPGRADE | SECTION L : REAL ESTATE ACTIVITIES | 21/06/2019 | 26.95 |
| RCSI EDUCATION & RESEARCH BUILDING | SECTION M : PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES | 27/08/2019 | 11.20 |
| RCSI EDUCATION & RESEARCH BUILDING | SECTION P : EDUCATION | 27/08/2019 | 28.80 |
| AN POST INNOVATION AND DIGITALISATION | SECTION H : TRANSPORTATION AND STORAGE | 15/10/2019 | 40.00 |
| ANNUAL TOTAL | 639.30 | ||
| TOTAL | 3,396.09 |
Evolution of Disbursement (public and private sector) between 1/1/2014 and 31/12/2019, in Ireland as of 11/11/2019
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Number | Total (EURm) | Number | Total (EURm) | Number | Total (EURm) | Number | Total (EURm) | Number | Total (EURm) | Number | Total (EURm) | |
| Realized | 23 | 701.77 | 25 | 414.38 | 37 | 978.02 | 40 | 505.99 | 70 | 833.92 | 57 | 625.97 |
| Committed | 6 | 60.22 | ||||||||||
| Forecast | 2 | 55.00 | ||||||||||
| Total | 23 | 701.77 | 25 | 414.38 | 37 | 978.02 | 40 | 505.99 | 70 | 833.92 | 65 | 741.19 |
| Public sector incl PSE | 4 | 325 | 6 | 345 | 11 | 705.77 | 3 | 124 | 7 | 480 | 7 | 398 |
(PSE; public sector enterprises, including state agencies and local authorities)
The following table details the amounts drawn down from the European Investment Bank loans to the Exchequer since 2014:
| Loan Facility | Purpose of Loan | Contract signature Date | Loan Amount | Drawn Amount (as of 14/11/2019) |
|---|---|---|---|---|
| Dublin LUAS Cross City | To finance the construction of an extension to a tramway system in Dublin. | 03-Mar-14 | 150,000,000 | 150,000,000 |
| Irish Water Investment Programme - B | To provide new water mains, water and wastewater treatment facilities and reservoirs, as well as measures to improve water conservation. | 29-Oct-14 | 100,000,000 | 100,000,000 |
| Irish Flood Prevention Programme | To finance flood protection and prevention programme in Ireland for the period 2015-2020. | 17-Dec-15 | 200,000,000 | 200,000,000 |
| Irish Schools Programme III | To construct, expand and refurbish public school buildings. | 17-Oct-16 | 200,000,000 | 200,000,000 |
| National Children’s Hospital | To finance construction of the new children’s hospital in Dublin. | 08-Dec-17 | 490,000,000 | 345,000,000 |
| eHealth Ireland | To finance strategic investments in digitalisation of the Irish health sector. | 12-Oct-18 | 225,000,000 | 0 |
| Total | 1,365,000,000 | 995,000,000 |
The balance of €370m in loans is expected to be drawn down across the remainder of 2019 and 2020.
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