Written answers
Tuesday, 5 July 2022
Department of Finance
Strategic Infrastructure
Michael Fitzmaurice (Roscommon-Galway, Independent)
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162. To ask the Minister for Finance the measures put in place by his Department to guarantee that the monies lent by the Irish Strategic Investment Fund will be used only for aviation development within the State; and if he will make a statement on the matter. [36184/22]
Michael Fitzmaurice (Roscommon-Galway, Independent)
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163. To ask the Minister for Finance the details of the measures in place to monitor the way in which, and the location, of the moneys lent by the Ireland Strategic Investment Fund are spent; and if he will make a statement on the matter. [36185/22]
Michael Fitzmaurice (Roscommon-Galway, Independent)
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164. To ask the Minister for Finance if the directors of an airline (details supplied) have given his Department an undertaking to use Ireland Strategic Investment Fund moneys only in the development of routes within and from the State; and if he will make a statement on the matter. [36186/22]
Michael Fitzmaurice (Roscommon-Galway, Independent)
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165. To ask the Minister for Finance if the loan given to an airline (details supplied) from the Ireland Strategic Investment Fund is to be rescinded if the airline fails on commitments made when receiving the loan; and if he will make a statement on the matter. [36188/22]
Paschal Donohoe (Dublin Central, Fine Gael)
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I propose to take Questions Nos. 162 to 165, inclusive, together.
The Ireland Strategic Investment Funds mandate is to invest on a commercial basis in a manner designed to support economic activity and employment in Ireland. As the Minister for Finance, I have no role in individual ISIF transactions or ISIF’s commercial decision making, more generally. Therefore, it is not possible for me to comment on the specific issue raised by the Deputy.
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