Dáil Éireann Debate, Thursday - 6 February 2014
256. Deputy Thomas P. Broughan asked the Minister for Transport, Tourism and Sport the total amount of funding received by his Department from the European Investment Bank to fund capital projects in the years 2011, 2012 and 2013; the projected amount of funding to be received in 2014; and if he will provide specific details of any of the funded projects. [6001/14]
Amharc ar fhreagraMy Department received no funding from the European Investment Bank (EIB) for public transport capital projects in the period 2011-2013. It is important to note that the EIB provide loans that must be repaid with interest. It does not grant aid projects.
The EIB had agreed in principle to support Metro North and DART Underground PPP’s before they were postponed. The EIB has agreed however to provide a loan to support construction of the Luas Cross City project and the loan details are currently being finalised. It is expected that the loan agreement will be ready for signature next week and pending this it is not possible to specify the portion of the loan which will be received in 2014.
In relation to National Roads, the N11 Arklow-Rathnew Dual Carriageway and the N7 Newlands Cross Upgrade are PPP projects, to be part-funded by the EIB. However, the implementation of individual national road schemes, including Public Private Partnership (PPP) projects, is a matter for the National Roads Authority (NRA) under the Roads Acts 1993-2007.
Noting the above position, I have referred the Deputy's question to the NRA for further reply. Please advise my private office if you do not receive a reply within 10 working days.
