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BAM PPP PGGM Infrastructure Cooperatie, BAM's investment joint venture with Dutch pension fund administrator PGGM, together with BAM Contractors Ltd has signed the PPP contract of the project. Project financing includes €121.5 million of bank debt which will be provided by senior lenders Bank of Ireland and the European Investment Bank, with a maximum maturity of 23 years, and €15 million of the JV. The 18 months construction of the schools will commence on 12 November 2012 and will be undertaken by BAM Building Ltd. BAM FM Ireland Ltd will maintain the schools throughout the 25 year contract
List of the country updates
Country updates
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November 12, 2012
EIB provides EUR 50 million (US$ 57.26 million) for construction of eight Irish schools
The Minister for Education and Skills warmly welcomed the start of construction of eight schools which are being delivered under the Public Private Partnership (PPP) model. These are the first public...
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December 15, 2011
The project was cancelled by the Government
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July 06, 2011
A team composed of BAM PPP and Balfour Beatty has been named preferred bidder for the project
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December 01, 2010
The project starts operations
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August 15, 2010
The shortlist has been published
