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    Signature(s)

    Amount
    € 90,000,000
    Countries
    Sector(s)
    Ireland : € 90,000,000
    Signature date(s)
    22/12/2016 : € 90,000,000

    Summary sheet

    Release date
    3 October 2016
    Status
    Reference
    Signed | 22/12/2016
    20160415
    Project name
    Promoter - financial intermediary
    COILLTE SUSTAINABLE FORESTRY
    COILLTE TEORANTA
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 98 million
    EUR 195 million
    Description
    Objectives

    Financing of Coillte Teoranta's forest plantation establishment and management programme for the period 2016-2020

    Due to the significant scale of plantation during the 1970s and 1980s, large areas of Ireland's forest estate are approaching harvesting age. Over 35,500 ha of forest are expected to be planted, the vast majority of which comprises replanting of existing forest stands in accordance with best technical and environmental practice, the remainder being new plantations on company-owned land. Replanting also includes areas which have suffered windfall damage or other degradation. 373 km of new forest roads are expected to be constructed and an additional 1,288 km of forest roads to be upgraded.

    Environmental aspects
    Procurement

    Because of the project's focus on forest plantation establishment and forest management, it will deliver multiple environmental benefits in the fields of climate change mitigation, biodiversity protection and generation of versatile renewable raw material, as well as offering significant amenity and educational value. Coillte has achieved and retained Forest Stewardship Council (FSC) certification for environmentally and socially responsible management of their forestlands.

    The promoter is a public entity and is therefore subject to public procurement procedures in compliance with Directive 2004/18/EC.

    Disclaimer

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

    Documents

    Environmental and Social Data Sheet (ESDS) - COILLTE SUSTAINABLE FORESTRY
    Publication Date
    23 Dec 2016
    Document language
    Main Topic
    Lending
    Document Number
    70891712
    Document Focus
    Environmental Information
    Project Number
    20160415
    Regions
    Countries
    Publicly available
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