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Signature(s)

Amount
€ 65,000,000
Countries
Sector(s)
Ireland : € 65,000,000
Transport : € 65,000,000
Signature date(s)
5/02/2004 : € 65,000,000
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Summary sheet

Release date
24 April 2002
Status
Reference
Signed | 05/02/2004
20010595
Project name
Promoter - financial intermediary
M1 Dundalk PPP Toll Motorway Project
The National Roads Authority (NRA) through the Local Government and the Regions (Louth County Council and Meath County Council).
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to 50% of the project cost or of the total senior debt
Project cost will only be known when the preferred bidder has been appointed.
Location
Sector(s)
Description
Objectives

The project comprises: i) the design, construction and financing of approximately 12 km of dual two lane motorway ( the Dundalk Western Bypass, close to the border of Northern Ireland); and ii) the operation and maintenance, during a concession period of 30 years, of approximately 54 km of motorway comprising the New Road (the Dundalk Bypass - 12 km) and an Existing Road (from Dundalk to Gormanstown – 42 km).

The motorway will reduce the journey times of traffic travelling between Northern Ireland and Dublin. In particular it will bypass the city of Dundalk, reducing traffic congestion within the town. Expected immediate benefits are: i) improvement of passenger and freight traffic flows, ii) reductions in travel time, and iii) reductions in vehicle operating costs. At the same time, traffic safety is expected to increase.

Environmental aspects
Procurement

The winning concessionaire will be responsible for designing, constructing and operating the project in accordance with the environmental impact assessment under the statutory approval process in Ireland. Currently this assessment is awaited from the competent authority, namely An Bord Pleanala.

The project was advertised in the Official Journal of the EU in August 2001 in accordance with Directive 93/37/CEE. NRA received pre-qualification submissions from six consortia, four of which were subsequently invited to submit preliminary proposals by May 2002. A maximum of two of the four consortia will be invited to submit final offers (BAFOs) by September 2002. The NRA expects to choose a preferred bidder in October 2002 and sign the concession agreement in December 2002. The tolling facilities for the Existing Road are expected to be operational at the beginning of 2003.

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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).

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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Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

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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