Written Answers. - Customs House Docks Site Projects.
Michael Noonan
Question:
114
Mr. Noonan (Limerick East)
asked the
Minister for Finance
the firms for which licences have been issued to operate at the Customs House Dock site, Dublin 1; the projected employment level of each firm; and the firms to which licences have been issued to carry on business outside the Customs House Dock site pending the availability of accommodation on site.
In relation to the first part of the Deputy's question, I have to date given certificates to 24 projects under section 39B of the Finance Act, 1980 (inserted by section 30 of the Finance Act, 1987). The companies in question are:
Gandon Securities Limited,
KB Financial Services (Ireland) Limited,
North Wall Street Investments,
Reflex International Financial Services Limited,
IBI International Finance Limited,
Ulster International Finance Limited,
Cambridge International Finance Limited,
Ericsson Treasury Ireland Limited,
ABN Financial Services Company,
AIB International Financial Services Limited,
Capital International Financial Services Limited,
Wang International Financial Limited,
Orix Ireland Limited,
FCS Currency Management Limited,
International Bloodstock Holdings plc,
Hibernian Insurance Company Limited,
GE Finance Ireland B.V.,
ICC International Finance Limited,
Citicorp Finance Ireland Limited,
BACOB/DVV,
Bavaria Insurance Company Limited,
IBWA Finance Company Limited,
BCL Finance (Ireland) Limited, and
AIG Funds Management Limited.
A further 87 projects have been approved in principle to date, and they are in the process of being certified. As regards employment levels, while it would not be appropriate for me to give details in relation to individual companies, I can tell the Deputy that the 24 companies certified to date have undertaken to create a total of 500 new jobs. The other 87 projects which have been approved in principle involve approximately 1,450 new jobs.
In relation to the last part of the Deputy's question, AIB International Financial Services Limited is now trading in the Custom House Docks area. All the other companies certified to date are at present located elsewhere in Dublin pending the availability of accommodation in the area. It is written as a condition into each of these certificates that the companies in question must move into the area as soon as premises become available there which, in the opinion of the Minister for Finance, are suitable for the carrying on of the trading operations certified.
