Dáil Éireann Debate, Tuesday - 22 November 2016
361. Deputy Dara Calleary asked the Minister for Public Expenditure and Reform the total number of project applications entered by the State under the European Fund for Strategic Investments per annum in tabular form; the number of successful agreements to date; the estimated total expected drawdown of funds; and if he will make a statement on the matter. [36080/16]
Amharc ar fhreagraThe European Fund for Strategic Investments (EFSI) is a joint initiative of the EIB Group and the European Commission, aimed at mobilising private financing for strategic investments, mainly through loan funding. In Ireland's case, the main potential beneficiaries of EFSI are commercial investment projects (including PPPs), as there is little scope to use EFSI for increased investment by Government due to the need to continue to comply with the requirements of the Stability and Growth Pact. My Department is not the lead Department in relation to EFSI, nor has my Department responsibility for coordinating applications for funding under EFSI or for reporting on lending by EFSI or EIB to Ireland. However, I understand information on projects approved by EFSI, by country, is available on the website of the EIB.
