Bernard Allen
Question:30 Mr. Allen asked the Minister for Finance if he will outline the way in which the £42 million loan from the European Investment Bank is being spent; and if he will give details of the projects and their respective costs.
Vol. 422 No. 4
30 Mr. Allen asked the Minister for Finance if he will outline the way in which the £42 million loan from the European Investment Bank is being spent; and if he will give details of the projects and their respective costs.
I take it that the Deputy is referring to the £42 million in loans for which contracts were signed during the visit to Dublin by the President of the European Investment Bank on 14/15 May 1992.
The £42 million was made up of loans of £22 million to the Exchequer, £10 million to Waterford Harbour Commissioners and £10 million to Allied Irish Banks.
The £22 million in loans to the Exchequer is being used to part-finance investment in the expansion of higher technical education facilities and in infrastructural improvements in Ireland, specifically in the areas of roads, water supply and sewerage facilities. Details are as follows:
Higher Technical Education Institutions
Scheme |
County |
Estimated Outturn Cost |
IR£m |
||
Water Supply |
||
Skibbereen, stage II |
Cork |
1.2 |
Ballinatona, stage II, phase 1 |
Cork |
1.5 |
Mid Galway water, zone 4, Claregalway |
Galway |
0.4 |
Dunmore/Glenamaddy Stage II |
Galway |
1.4 |
Lough Easky Regional |
Sligo |
2.8 |
Firies Scartaglen, section B, Castleisland |
Kerry |
1.4 |
Dromin Treatment Works |
Kerry |
0.6 |
Lough Inn Regional, Carndonagh |
Donegal |
1.5 |
Achill Island |
Mayo |
2.2 |
Sewerage |
||
Dun Laoghaire Contracts 2 and 2a |
Dublin |
7.1 |
Road Schemes |
||
Clonee By-Pass |
Meath |
11.8 |
Oranmore/Merlin Park |
Galway |
6.7 |
Rathkeale By-pass |
Limerick |
8.3 |
Glenmore/New Ross, stage II |
Kilkenny |
7.5 |