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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
Link to source

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
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).

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.

Media enquiries

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 Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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