Project details

Overview

Project title

CUBIC TELECOM (EGFF)

Early intelligence
15 Mar 2019

Published

15 March 2019

Budget

 


Procurement type

Services, Supplies, Works

Reference

EIBZ229084

Funding Agency

EIB - European Investment Bank


Countries

Ireland

CUBIC TELECOM (EGFF)


Reference: 20180575


Release date: 14/03/2019

Promoter – Financial Intermediary

CUBIC TELECOM LTD

Location
Ireland

Description

The project will support the company's network expansion and the development of its connectivity management platform through investments in research and development (R&D).

Objectives

The project will help the promoter achieve its objective of enhancing its connectivity services and analytics platform to address the evolving needs of the automotive market and the wider IoT (Internet of Things) ecosystem.

Comments


Sector(s)
Telecommunications
Information and communication

Proposed EIB finance (Approximate amount)

EUR 24 million

Total cost (Approximate amount)

EUR 47 million

Environmental aspects

The project activities do not fall under Annexes I and II of the Environmental Impact Assessment (EIA) Directive 2014/52/EU amending Directive 2011/92/EU, and are therefore not subject to a mandatory EIA. The activities included in the scope of the project will be performed in existing buildings and are not expected to have any relevant environmental impact. The Bank's Services will review during the project appraisal any other environmental details of the project.

Procurement

The promoter has been assessed by the EIB as being a private company not being subject to EU rules on public procurement or concessions. However, if after the project appraisal the EIB were to conclude that the promoter is after all subject to EU public procurement legislation, then the Bank would require the promoter to ensure that contracts for the implementation of the project have been/will be tendered in accordance with the relevant applicable EU procurement legislation.