Dáil Éireann Debate, Tuesday - 11 April 2017
739. Deputy Niall Collins asked the Minister for Transport, Tourism and Sport his plans for potential investment projects to be submitted to the EU's special task force on investment in the EU for the European fund for strategic investment with a view for investments in infrastructure surrounding advancing the Atlantic corridor economic commitment provided under the programme for Government; and if he will make a statement on the matter. [17642/17]
View answerMy Department actively encourages all the transport agencies and operating companies to explore all avenues of finance available including domestic banks, Trans European Network - transport (TENT), Connecting Europe Facility (CEF), European Investment Bank (EIB), Irish Strategic Investment Fund (ISIF) and the European Fund for Strategic Investment (EFSI), to secure the most suitable funding instrument at the most favourable commercial rates. In many cases, a mix of funding instruments is used for capital projects by ports, roads aviation and public transport sectors.
There are no specific transport projects that have been assisted under the EFSI but some have been co-funded and assisted through CEF, the EIB and Interreg (a European Territorial Cooperation programme that aims to stimulate cross border and inter-regional cooperation in the European Union) including Shannon Foynes Port and the Derry Hub on the Atlantic Economic Corridor.
