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    Reference: 20160287
    Release date: 21 November 2017

    Promoter – Financial Intermediary

    Ireland

    Location

    Description

    The National Broadband Plan is an Irish Government project to increase access to high-speed broadband in rural areas. The Plan is currently in the process of being procured and will comprise a 25-year contract (with the first 5 years relating to the design and deployment of the network). The proposed EIB operation could involve financing the separate requirements of the State and of the commercial operator(s).

    Objectives

    The project relates to the roll-out of a high-speed telecommunications network to cover up to 542 000 postal premises located in areas without high speed network coverage throughout Ireland under the National Broadband plan for Connecting Communities. The Department of Communications, Climate Action and Environment will provide public gap-funding to the successful bidder(s) to implement the roll out of the rural network. The area covered by this intervention can be found on the Department of Communications, Climate Action and Environment's website (https://www.dccae.gov.ie).

    Sector(s)

    • Telecom - Information and communication

    Proposed EIB finance (Approximate amount)

    EUR 500 million

    Total cost (Approximate amount)

    EUR 1100 million

    Environmental aspects

    A Strategic Environmental Assessment (SEA) of the National Broadband Plan is being performed by the promoter. The SEA process and its outcome will be reviewed during the appraisal.

    Procurement

    The Bank will require the promoter to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation.

    Status

    Approved - 12/04/2018

    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).

    Related tags

    Ireland Telecom