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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).

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