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    Signature(s)

    Amount
    € 115,000,000
    Countries
    Sector(s)
    Ireland : € 115,000,000
    Transport : € 115,000,000
    Signature date(s)
    14/11/2003 : € 115,000,000
    Link to source

    Summary sheet

    Release date
    13 June 2003
    Status
    Reference
    Signed | 14/11/2003
    20020486
    Project name
    Promoter - financial intermediary
    Irish Airports II – Cork Terminal

    Aer Rianta cpt
    Contact: Marion O'Brien, Group Head of Corporate Finance

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Loan circa EUR 110 million
    Estimated at circa EUR 150 million
    Location
    Sector(s)
    Description
    Objectives

    Construction of a new passenger terminal at Cork airport including hold baggage screening facility, landside development of access egress/roads, infrastructure services and car parking.

    The existing Cork terminal has a design capacity of 1.1 million passengers per annum and was used by up to 1.9 million passengers in 2002. The project will provide capacity for 3 million passengers per annum, thus alleviating congestion on the terminal system and improving access and parking facilities.

    Environmental aspects
    Procurement

    The project is classified under Annex II of EUDirective 85/337 as amended by EU Directive 97/11 EC and has been subject to an Environmental Impact Study. In accordance with its normal procedure, the Bank will ensure that appropriate measures have been defined as regards environmental protection.

    The promoter systematically adopts international competitive bidding procedures in line with EU directives on procurement

    Comments

    Airports

    Link to source

    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).

    News & Stories

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