Ireland starts new 2.25 billion PPP programme
New Investments
The Irish Minister of Public Expenditures and Reform, Brendan Howlin, has announced that the Government of Ireland intends to progress investment of €2¼ billion in new capital projects. This announcement is the result of many efforts over the past seven months to identify how best to harness new sources of funding to support our economic recovery through infrastructure investment, says the Minister.
Concerning the two "live" PPPs, a road bundle of the N11 and the Newlands Cross Interchange, and Schools Bundle 3, detailed negotiations on the funding have very recently been successfully advanced.
EducationIn Education, two new PPP schools bundles and stage one of DIT's Grangegorman Educational Facility will be delivered.
TransportPhase 1 of the PPP Programme will see delivery of the N17/N18 Gort to Tuam, the M11 Gorey to Enniscorthy and the N25 New Ross Bypass. A further priority transport project for the Government is the Galway city bypass, although this is on hold at the moment pending the outcome of legal proceedings.
JusticeIn the Justice sector, investment in courthouses, including refurbishment, extension works and the building of new facilities will be carried out at several locations across the country.
Timeframe for DeliveryThe projects in the PPP plan will start this year. It is expected that procurement of the Health projects will commence by end 2012 with construction starting in 2014. Procurement will commence on all the Education projects in 2013 on a rolling basis with completion of the schools bundles during 2017 and 2018. Construction of the Justice projects is due to commence in 2013 and will continue during 2014 and 2015.
In the Roads sector, the N17/N18 Gort to Tuam will commence in 2013 and the M11 Gorey to Enniscorthy and the New Ross bypass are expected to commence by end 2014.
