IRISH CONTINENTAL GROUP FERRY PROJECT II

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The project involves the construction of a passenger/vehicle ferry for the Irish Ferries' fleet - Irish Continental Group (ICG). The new vessel will provide additional capacity that is better adapted to demand from freight and passengers on the routes operated by the promoter. It will be constructed and operated in compliance with specifications and regulations from the European Union and the International Maritime Organisation (IMO). The vessel will also be constructed to EU environmental standards and certified for operations within the EU's emission control areas. The ship is scheduled for operations on the promoter's Irish Sea and Dublin-Cherbourg routes. The vessel will be constructed in the Flensburger Schiffbau-Gesellschaft shipyard located in Flensburg, Germany. This project is the second project under the Bank's Green Shipping Programme Loan (2015-0742), which was approved by the Board of Directors in 2016.