Release date: 29 May 2006
Promoter – Financial Intermediary
The National Roads Authority (NRA), a statutory body established under the Roads Act 1993Location
Description
The project comprises 41km of dual carriage way and associated link roads connecting a Priority TEN route (the M8) with a TEN route (the M7) enabling traffic to pass more rapidly between Dublin and Cork and Dublin and Limerick and is located in an objective 1 region in the West of Ireland.
Objectives
The project will improve journey times on part of the Prioirity TEN-T road network in Ireland. The project will contribute to the regional development of an ongoing non-transitional objective 1 region of Ireland, relieve congestion from Portlaoise, reduce accident rates and provide associated environmental and health benefits for local residents.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 200 million.
Total cost (Approximate amount)
Approximately EUR 400 million.
Environmental aspects
The project falls under Annex I of the EU Directive 97/11/EC on environmental impact assessment and has been the subject of an EIA, including public consultation. A copy of the EIA can be obtained from the Project website.
Procurement
The project was advertised in OJEU during September 2005 in accordance Directive 93/37/EEC. The ITN (invitation to negotiate) was issued to short-listed bidders in March 2006. The Concession contract is expected to be signed by July 2007.
Status
Signed - 14/06/2007
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).