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European Investment Bank Loans

Dáil Éireann Debate, Tuesday - 12 February 2019

Tuesday, 12 February 2019

Questions (151)

Pearse Doherty

Question:

151. Deputy Pearse Doherty asked the Minister for Finance the details of applications for European Investment Bank, EIB, funds made since 1 January 2015; the details of each project; the amount applied for; and if he will make a statement on the matter. [6319/19]

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Written answers

The Department of Finance has no role in the day to day activities of the European Investment Bank (EIB). Applications are a matter between the Bank and individual clients.

However, I have been advised by the EIB that, in accordance with the EIB Transparency Policy, the Bank publishes details of all projects financed by or to be financed by the Bank. Details of all Irish projects financed (or to be financed) by the EIB since 1973 are therefore available at the following links:

Projects to be financed – http://www.eib.org/en/projects/pipelines/index.htm

Financed projects – http://www.eib.org/en/projects/loan/list/index

These project summaries generally include the name of the project, the project promoter or financial intermediary (for intermediated loans), the location of the project, the sector it represents, a project description, its objective(s), its environmental and, if relevant, social aspects, procurement data, proposed EIB finance and the total project cost.

However, it should be noted that a limited number of projects are not published on the website before Board approval and, in some cases, not before loan signature based on the exceptions to disclosure as provided for in the Bank’s Transparency Policy (including, for example, protection of commercial interests).

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