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    Signature(s)

    Amount
    € 75,000,000
    Countries
    Sector(s)
    Ireland : € 75,000,000
    Transport : € 75,000,000
    Signature date(s)
    30/11/2017 : € 75,000,000

    Summary sheet

    Release date
    7 April 2017
    Status
    Reference
    Signed | 30/11/2017
    20170239
    Project name
    Promoter - financial intermediary
    IRISH CONTINENTAL GROUP FERRY PROJECT
    IRISH CONTINENTAL GROUP PLC
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 75 million
    EUR 155 million
    Location
    Sector(s)
    Description
    Objectives

    The construction and operation of one cruise ferry with capacity for 2,800 freight lane metres and 1,885 passengers and crew

    The project involves the construction of one cruise ferry for the promoter's fleet. The vessel will be constructed and operated to full EU and International Maritime Organisation (IMO) specifications and regulations. The vessel will also be constructed to EU environmental standards and equipped for operations within emission control areas. The vessel will be EU flagged and registered and is expected to be operating on the promoter's routes between Dublin and Holyhead as well as Dublin and Cherbourg.

    Environmental aspects
    Procurement

    The project would enable the promoter to reduce pollution and emissions through the modernisation of its fleet.

    The promoter is a private company not operating in the utilities sector, and is thus not covered by EU directives on procurement. The Bank will, however, review the promoter's processes during the project's due diligence. The promoter has conducted its procurement process via a number of well-established shipyards.

    Related projects

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Documents

    Environmental and Social Data Sheet (ESDS) - IRISH CONTINENTAL GROUP FERRY PROJECT
    Publication Date
    15 Jan 2018
    Document language
    Main Topic
    Lending
    Document Number
    74678994
    Document Focus
    Environmental Information
    Project Number
    20170239
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Completion Sheet (ESCS) - IRISH CONTINENTAL GROUP FERRY PROJECT
    Publication Date
    17 Dec 2020
    Document language
    Main Topic
    Lending
    Document Number
    135073600
    Document Focus
    Environmental Information
    Project Number
    20170239
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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