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Trinity College Dublin secures €100m EIB facility

Tom Belger | 16:57 Wednesday 17th October 2018

The European Investment Bank (EIB) has provided a €100m long-term loan to Trinity College Dublin for four capital developments across the campus.

This will include the construction of the Learning Foundry, a 6,086m2 facility based on the main campus, which will deliver new teaching facilities and an interactive learning space for students.

The building – which is central to the college’s E3-engineering, environment and emerging technologies initiative – will have capacity for 1,800 additional places for students of science, technology, engineering and mathematics.

Other capital developments will include the expansion of student accommodation at Trinity Hall to 300 new beds, as well as the expansion of the school of law and refurbishment of the arts block.

The 30-year loan will be used by the college alongside other sources of financing, including philanthropic donations.

“The impact of visionary investment can be seen here at Trinity College – the largest university beneficiary of European Investment Bank support in Ireland – where we have provided more than €245m for new investment over the last decade,” said Andrew McDowell, vice-president at the EIB.

“In recent years, the EIB has supported transformational investment as all Irish universities and EIB are pleased to continue our close cooperation with the sector with the new €100m loan agreed today.”

Dr Patrick Prendergast, provost at Trinity College Dublin, said it was investing in education and research facilities for the benefit of its students and staff.

“The financing EIB has provided to Trinity has been crucial in strengthening our research and education facilities.

“Without such support, we would not have been able to progress with important flagship projects, such as E3 and much-needed student accommodation.”

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