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Infrastructure and Capital Investment Programme

Dáil Éireann Debate, Thursday - 14 November 2019

Thursday, 14 November 2019

Questions (55)

Robert Troy

Question:

55. Deputy Robert Troy asked the Minister for Finance the number of project applications entered under the European Investment Bank for investment and infrastructure projects from 2014 to 2018 and to date in 2019, in tabular form; the number of successful agreements to date; the estimated amount of expected drawdown of funds annually; and if he will make a statement on the matter. [47063/19]

View answer

Written answers

I am advised by the EIB and the NTMA (in relation to loans to the Exchequer) that the position is as set out in the following tables. The information relates to public sector projects in Ireland which have been signed during the period specified by the Deputy. I am advised by the EIB that the Bank would not have statistics on applications, as there is not an application process per se. The launch of a loan appraisal, which is published on the EIB website, is the first stage of the loan approval process.

EIB signed public sector investment and infrastructure in Ireland, 2014-2019

Operation   Name

Sector

Signature Date

Contract Amount (EURm)

DUBLIN LUAS CROSS CITY

SECTION H : TRANSPORTATION AND   STORAGE

03/03/2014

120.00

DUBLIN LUAS CROSS CITY

SECTION H : TRANSPORTATION AND   STORAGE

03/03/2014

30.00

N17-N18 GORT TO TUAM PPP MOTORWAY

SECTION H : TRANSPORTATION AND   STORAGE

30/04/2014

143.03

STRATEGIC BANKING CORPORATION OF   IRELAND

SECTION Z : GLOBAL LOANS, LOANS FOR SMES, LOANS FOR SMES AND MID-CAPS, LOANS FOR MID-CAPS

28/10/2014

200.00

IRISH WATER INVESTMENT PROGRAMME

SECTION E : WATER SUPPLY; SEWERAGE, WASTE MANAGEMENT AND REMEDIATION ACTIVITIES

29/10/2014

9.00

IRISH WATER INVESTMENT PROGRAMME

SECTION E : WATER SUPPLY; SEWERAGE,   WASTE MANAGEMENT AND REMEDIATION ACTIVITIES

29/10/2014

0.00

IRISH WATER INVESTMENT PROGRAMME

SECTION E : WATER SUPPLY; SEWERAGE, WASTE MANAGEMENT AND REMEDIATION ACTIVITIES

29/10/2014

67.00

IRISH WATER INVESTMENT PROGRAMME

SECTION E : WATER SUPPLY; SEWERAGE, WASTE MANAGEMENT AND REMEDIATION ACTIVITIES

29/10/2014

0.00

IRISH WATER INVESTMENT PROGRAMME

SECTION E : WATER SUPPLY; SEWERAGE, WASTE MANAGEMENT AND REMEDIATION ACTIVITIES

29/10/2014

24.00

IRISH WATER INVESTMENT PROGRAMME

SECTION E : WATER SUPPLY; SEWERAGE, WASTE MANAGEMENT AND REMEDIATION ACTIVITIES

29/10/2014

0.00

ESB NETWORK - RENEWABLE CONNECTION

SECTION D : ELECTRICITY, GAS, STEAM AND AIR CONDITIONING SUPPLY

30/10/2014

92.00

ESB NETWORK - RENEWABLE CONNECTION

SECTION D : ELECTRICITY, GAS, STEAM AND AIR CONDITIONING SUPPLY

30/10/2014

8.00

NATIONAL UNIVERSITY OF IRELAND   MAYNOOTH

SECTION P : EDUCATION

17/12/2014

76.77

HFA - IRISH SOCIAL HOUSING   DEVELOPMENT

SECTION F : CONSTRUCTION

18/12/2014

150.00

OPEN ACCESS (GFI)

SECTION J : INFORMATION AND COMMUNICATION

19/12/2014

12.00

OPEN ACCESS (GFI)

SECTION J : INFORMATION AND COMMUNICATION

19/12/2014

0.00

ANNUAL TOTAL

 

 

931.80

TRINITY COLLEGE DUBLIN EDUCATION INITIATIVES

SECTION P : EDUCATION

25/06/2015

70.00

M11 GOREY TO ENNISCORTHY MOTORWAY

SECTION H : TRANSPORTATION AND   STORAGE

14/10/2015

109.10

STRATEGIC BANKING CORPORATION OF IRELAND

SECTION Z : GLOBAL LOANS, LOANS FOR SMES, LOANS FOR SMES AND MID-CAPS, LOANS FOR MID-CAPS

22/10/2015

200.00

IRISH FLOOD PREVENTION PROGRAMME

SECTION E : WATER SUPPLY; SEWERAGE, WASTE MANAGEMENT AND REMEDIATION ACTIVITIES

17/12/2015

200.00

DUBLIN PORT DEVELOPMENT

SECTION H : TRANSPORTATION AND   STORAGE

21/12/2015

100.00

DUBLIN CITY UNIVERSITY CAMPUS DEVELOPMENT

SECTION P : EDUCATION

21/12/2015

76.00

ANNUAL TOTAL

 

 

755.10

N25 NEW ROSS BYPASS PPP

SECTION H : TRANSPORTATION AND   STORAGE

26/01/2016

21.81

PRIMARY CARE CENTRES PPP

SECTION Q : HUMAN HEALTH AND SOCIAL WORK ACTIVITIES

25/05/2016

70.00

UNIVERSITY COLLEGE CORK CAMPUS DEVELOPMENT

SECTION P : EDUCATION

19/07/2016

100.00

IRISH SCHOOL PROGRAMME III

SECTION P : EDUCATION

17/10/2016

200.00

RCSI CAMPUS DEVELOPMENT

SECTION P : EDUCATION

09/12/2016

50.00

HFA - IRISH SOCIAL HOUSING

SECTION F : CONSTRUCTION

21/12/2016

200.00

COILLTE SUSTAINABLE FORESTRY

SECTION A : AGRICULTURE, FORESTRY AND FISHING

22/12/2016

45.00

COILLTE SUSTAINABLE FORESTRY

SECTION A : AGRICULTURE, FORESTRY AND FISHING

22/12/2016

45.00

ANNUAL TOTAL

 

 

731.81

NATIONAL UNIVERSITY OF IRELAND GALWAY CAMPUS

SECTION P : EDUCATION

30/06/2017

60.00

LIMERICK 2030 REGENERATION PROGRAMME

SECTION F : CONSTRUCTION

16/11/2017

85.00

NATIONAL CHILDREN HOSPITAL - DUBLIN

SECTION Q : HUMAN HEALTH AND SOCIAL WORK ACTIVITIES

08/12/2017

490.00

FINGAL COUNTY COUNCIL INVESTMENT PROGRAMME

SECTION F : CONSTRUCTION

19/12/2017

70.00

PORT OF CORK - RINGASKIDDY PORT   REDEVELOPMENT

SECTION H : TRANSPORTATION AND   STORAGE

20/12/2017

30.00

ANNUAL TOTAL

 

 

735.00

GRANGEGORMAN PPP

SECTION M : PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES

28/03/2018

21.97

GRANGEGORMAN PPP

SECTION P : EDUCATION

28/03/2018

87.90

TCD ENGINEERING ENERGY &   ENVIRONMENT INSTITUTE

SECTION P : EDUCATION

05/10/2018

100.00

E-HEALTH IRELAND

SECTION Q : HUMAN HEALTH AND SOCIAL WORK ACTIVITIES

12/10/2018

225.00

GAS NETWORKS IRELAND

SECTION D : ELECTRICITY, GAS, STEAM AND AIR CONDITIONING SUPPLY

07/12/2018

100.00

ANNUAL TOTAL

 

 

534.87

IRISH SOCIAL HOUSING PPP

SECTION F : CONSTRUCTION

19/03/2019

59.43

IRISH SOCIAL HOUSING PPP

SECTION F : CONSTRUCTION

19/03/2019

1.88

SBCI BUSINESS SUPPORT INVESTMENT PLATFORM

SECTION Z : GLOBAL LOANS, LOANS FOR SMES, LOANS FOR SMES AND MID-CAPS, LOANS FOR MID-CAPS

14/06/2019

14.40

SBCI BUSINESS SUPPORT INVESTMENT PLATFORM

SECTION Z : GLOBAL LOANS, LOANS FOR SMES, LOANS FOR SMES AND MID-CAPS, LOANS FOR MID-CAPS

14/06/2019

133.60

DUBLIN AIRPORT OPERATIONAL RESILIENCE   UPGRADE

SECTION H : TRANSPORTATION AND   STORAGE

21/06/2019

323.05

DUBLIN AIRPORT OPERATIONAL RESILIENCE   UPGRADE

SECTION L : REAL ESTATE ACTIVITIES

21/06/2019

26.95

RCSI EDUCATION & RESEARCH BUILDING

SECTION M : PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES

27/08/2019

11.20

RCSI EDUCATION & RESEARCH BUILDING

SECTION P : EDUCATION

27/08/2019

28.80

AN POST INNOVATION AND DIGITALISATION

SECTION H : TRANSPORTATION AND   STORAGE

15/10/2019

40.00

ANNUAL   TOTAL

 

 

639.30

 

 

TOTAL

3,396.09

Evolution of Disbursement (public and private sector) between 1/1/2014 and 31/12/2019, in Ireland as of 11/11/2019

 

2014

 

2015

 

2016

 

2017

 

2018

 

2019

 

 

Number

Total    (EURm)

Number

Total    (EURm)

Number

Total    (EURm)

Number

Total    (EURm)

Number

Total (EURm)

Number

Total    (EURm)

Realized

23

701.77

25

414.38

37

978.02

40

505.99

70

833.92

57

625.97

Committed

 

 

 

 

 

 

 

 

 

 

6

60.22

Forecast

 

 

 

 

 

 

 

 

 

 

2

55.00

Total

23

701.77

25

414.38

37

978.02

40

505.99

70

833.92

65

741.19

 

 

 

 

 

 

 

 

 

 

 

 

 

Public   sector incl PSE

4

325

6

345

11

705.77

3

124

7

480

7

398

(PSE; public sector enterprises, including state agencies and local authorities)

The following table details the amounts drawn down from the European Investment Bank loans to the Exchequer since 2014:

Loan Facility  

Purpose of Loan  

Contract signature Date  

Loan Amount  

Drawn Amount (as of 14/11/2019)  

Dublin LUAS Cross City

To finance the construction of an extension to a tramway system in Dublin.

03-Mar-14

150,000,000

150,000,000

Irish Water Investment Programme - B

To provide new water mains, water and wastewater treatment   facilities and reservoirs, as well as measures to improve water     conservation.

29-Oct-14

100,000,000

100,000,000

Irish Flood Prevention Programme

To finance flood protection and prevention programme in Ireland for the period 2015-2020.

17-Dec-15

200,000,000

200,000,000

Irish Schools Programme III

To construct, expand and refurbish public school buildings.

17-Oct-16

200,000,000

200,000,000

National Children’s Hospital

To finance construction of the new children’s hospital in Dublin.

08-Dec-17

490,000,000

345,000,000

eHealth Ireland

To finance strategic investments in digitalisation of the Irish health sector.

12-Oct-18

225,000,000

0

Total

 

 

1,365,000,000

995,000,000

     

The balance of €370m in loans is expected to be drawn down across the remainder of 2019 and 2020.

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