Departmental Funding

Dáil Éireann Debate, Tuesday - 14 December 2021

Tuesday, 14 December 2021

Questions (487)

Rose Conway-Walsh

Question:

487. Deputy Rose Conway-Walsh asked the Minister for Further and Higher Education, Research, Innovation and Science further to Parliamentary Question No. 139 of 24 November 2021 and in view of the fact the projected cost range of this project in the NDP is €100 to €250 million, if the project is projected to cost a total of €75 million (details supplied); the other sources of funding; and if he will make a statement on the matter. [61831/21]

Written answers

Minister for Further and Higher Education, Research, Innovation and Science

I should first explain this project is managed by the Tyndall National Institute/UCC in the first instance. I understand that the EIB loan of €75m for a new building, together with other investments competitively won through SFI and others such as philanthropy, borrowings and own resources, equates to a total investment package in excess of €100m over the lifetime of the NDP 2018 to 2027.