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European Investment Bank

Dáil Éireann Debate, Thursday - 10 November 2016

Thursday, 10 November 2016

Ceisteanna (81)

Joan Burton

Ceist:

81. Deputy Joan Burton asked the Minister for Finance the detail of projects here supported by the European Investment Bank specifically in relation to housing, education, health and broadband; and if he will make a statement on the matter. [34091/16]

Amharc ar fhreagra

Freagraí scríofa

The European Investment Bank (EIB) is the long-term financing institution of the European Union. Its mission is to help implement the EU's policy objectives by providing financing to projects that address these objectives. The EIB may lend to Governments, public sector bodies, commercial semi-state bodies or private sector entities.

The Deputy will find in the table a breakdown of private and public sector (including commercial semi-state) projects in Ireland to which the European Investment Bank (EIB) has provided financing. The table sets out the project name, the sector involved, the date of contract signature and amount for each project for the period 2011-2016 (to date).  Projects from the Housing, Education, Health and Broadband sectors are highlighted in italics and bold.

The Deputy should note that the amounts listed in the table below refer to the EIB contribution to a particular project, which is normally limited to no more than 50% of the project cost. In addition, the timing of the actual financing drawn down from the EIB is determined within individual financing contracts which is a matter for the EIB and each project promoter.

The Deputy may also wish to be aware that information on the projects signed between the EIB and project promoters in Ireland is also publicly available on the EIB website. A link to the relevant section of the site is available here: http://www.eib.org/projects/loans/index.htm

Project

Sector

Signature Date of contract

Amount (€m) Signed

2016

Irish School Programme III

Education

17-Oct-2016

200

University College Cork Campus Development

Education

19-July-2016

100

Malin Corporation   Life Sciences Investments

Services

22-June-2016

40

Fineos (MGF)

Industry

22-June-2016

15

Primary Care Centres PPP

Health

25-May-2016

70

N25 New Ross Bypass PPP

Transport

26-Jan-2016

21.805

Total (to date in 2016)

446.805

2015

DCU Campus Development

Education

21-Dec-15

76

Dublin Port

Transport

21-Dec-15

100

Irish Flood Prevention Programme

Water

17-Dec-15

200

Strategic Bank Corporation Ireland (SBCI)

SMEs

22-Oct-15

200

M11 Gorey to Enniscorthy Motorway PPP

Transport

14-Oct-15

109

Trinity College Dublin

Education

25-Jun-15

70

Total

755

2014

Open Access (GFI)

Broadband

19-Dec-14

12

HFA - Irish Social Housing Development Programme

Urban Development

18-Dec-14

150

NUI Maynooth

Education

17-Dec-14

76.765

ESB Network - Renewable Connection

Energy

30-Oct-14

100

Irish Water Investment Programme

Water

29-Oct-14

100

Strategic Bank Corporation Ireland (SBCI)

SMEs

28-Oct-14

200

N17-N18 Gort to Tuam PPP Motorway

Transport

30-Apr-14

143.033

Dublin Luas Cross City

Transport

03-Mar-14

150

Total

931.798

2013

ESB Renewable Connection

Energy

09-Dec-13

100

Vodafone Mobile Limited

Corporate

27-Nov-13

118

University of Limerick

Education

26-Nov-13

100

Irish School Programme II

Education

19-Jun-13

100

N11/N7 Motorway PPP

Infrastructure

30-Apr-13

72

AIB Loan for SMEs and Midcaps

SMEs

26-Apr-13

100

Bord Gáis Onshore Wind Programme

Energy

23-Apr-13

90

Total

680

2012

AIB Loan for SMEs and Midcaps

SMEs

21-Dec-12

100

Bord Gáis Onshore Wind Programme

Energy

28-Nov-12

155

Irish Water Investment Programme

Energy

28-Nov-12

100

Irish Schools Investment Programme (PPP)

Education

09-Nov-12

50

Irish School Programme

Education

06-Jul-12

100

Total

505

2011

AIB Loan for SMEs II

SMEs

21-Dec-11

150

University College Dublin

Education

17-Nov-11

90

ESB Network and E-Cars Infrastructure

Energy

17-Nov-11

235

Total

475

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