DARRAGH O'BRIEN TD
  • HOME
  • About Darragh
  • News
  • Parliamentary Questions
    • Housing, Planning & Local Government PQ's
    • School PQs
    • Foreign Affairs PQS
    • Oral Questions
  • Newsletters
  • Videos
  • PHOTOS
  • FIANNA FAIL
  • CONTACT
  • DATA Protection Statement

Parliamentary Questions

Use of funds from the sale of the State's Stake in Aer Lingus

6/11/2018

 
QUESTION

To ask the Minister for Finance the amount of the €335 million received from the sale of the stake in Aer Lingus and placed into a connectivity fund which has been invested by the Ireland Strategic Investment Fund; and if he will make a statement on the matter.

REPLY

I am informed by the National Treasury Management Agency (NTMA) that the Ireland Strategic Investment Fund (“ISIF”) has completed four investments under the Connectivity Fund, namely:
  • A $28 million co-investment in Aqua Comms DAC, a company that has developed fibre optic cables linking the USA, Ireland (Killala, Mayo) and the UK.
  • A €35 million investment as a strategic domestic partner for DAA plc long term bond issuance, supporting construction of a new runway at Dublin Airport.
  • Provision of a long term €14 million debt facility to finance a runway resurfacing project at Shannon Airport - a crucial regional and national infrastructure asset. This debt facility was signed in early 2017 and the runway resurfacing project has been completed on time and within budget.
  • An €18 million Junior Debt facility to support the relocation of the Port of Cork from Tivoli to Ringaskiddy. The ISIF debt facility was provided alongside senior debt from AIB and the European Investment Bank and was structured to ensure certainty of funding for the Port Company. It also has tailored flexibility to meet the requirements of this nationally and regionally significant project.

These investments bring the total deployed under the connectivity fund to over €90 million. The NTMA have also advised me that ISIF is working on a range of further pipeline connectivity-based investments.

Comments are closed.
    Picture

    PQs

    All Parlamientary Questions I make and their answers can be viewed in this section

    Archives

    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    October 2016
    July 2016
    June 2016
    May 2016

    Categories

    All

    RSS Feed

Darragh O'Brien TD


Address

Darragh O'Brien TD
Leinster House
Kildare Street
Dublin 2

Telephone

T:  01-6183802

Email

For all constituency related queries please don’t hesitate to contact:
Email: [email protected]
Phone: 01-6183802
Postal Address: Dáil Éireann, Leinster House, Kildare Street, Dublin 2.

For all Department of Climate, Environment and Energy related queries please don't hesitate to contact:
Email: [email protected]
Phone: 01-6782000
Postal Address: Tom Johnson House, Haddington Road, Dublin 4, D04 K7X4.
Website: www.gov.ie/decc/

For  all Department of Transport related queries please don't hesitate to contact:
Email: [email protected]
Phone: 01-6041062
Postal Address: Department of Transport, Leeson Lane, Dublin 2, D02 TR60.
Website:
www.gov.ie/transport/
 




  • HOME
  • About Darragh
  • News
  • Parliamentary Questions
    • Housing, Planning & Local Government PQ's
    • School PQs
    • Foreign Affairs PQS
    • Oral Questions
  • Newsletters
  • Videos
  • PHOTOS
  • FIANNA FAIL
  • CONTACT
  • DATA Protection Statement