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Signature(s)

Amount
€ 85,000,000
Countries
Sector(s)
Ireland : € 85,000,000
Urban development : € 85,000,000
Signature date(s)
16/11/2017 : € 85,000,000
Link to source

Summary sheet

Release date
13 July 2017
Status
Reference
Signed | 24/11/2017
20170391
Project name
Promoter - financial intermediary
LIMERICK 2030 REGENERATION PROGRAMME
PUBLIC ENTITY(IES)
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 85 million
EUR 170 million
Location
Sector(s)
Description
Objectives

To partially finance the first phase of Limerick City and County Council (LCCC) 2030 urban regeneration programme (2017-2022) that aims to regenerate, renovate and preserve buildings in the historic centre of the City of Limerick and create an employment campus of 50,000 sq.m.

The project is a first step in implementation of "Limerick 2030 An Economic and Spatial Development Plan for Limerick" which defines long term development objectives for the city and creates a base for short term development plans and municipal budgets. The goal of the project, which is a part of the Limerick 2030 Plan is to: •Grow and diversify the city's economy •Increase attractiveness of the city centre to make the city more compact and avoid urban sprawl. •Provide for balanced and sustainable economic growth in the city centre, by providing mixed use offices and creating linkages between private and public institutions

Environmental aspects
Procurement

A standard environmental due diligence will be carried out for this project. No major environmental issues are expected. As the project will contain new building construction and refurbishment of existing buildings, it will be carefully screened for compliance with the EU Directive on Energy Performance in Buildings

The Bank will require the Promoter to ensure that contracts for the implementation of the project will be tendered in accordance with the relevant applicable EU procurement legislation 2014/24/EU as interpreted by the Court of Justice of the EU, with publication of tender notices in the Official Journal of the EU, as and where required.

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) - LIMERICK 2030 REGENERATION PROGRAMME
Publication Date
10 Jun 2021
Document language
Main Topic
Lending
Document Number
77343314
Document Focus
Environmental Information
Project Number
20170391
Sector(s)
Regions
Countries
Publicly available
Download now

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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.
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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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