Transport Infrastructure Ireland has admitted to the Dáil’s Public Accounts Committee that the State has paid DirectRoute Limerick EUR34 million (US$40.1 million) under the terms of the PPP contract to compensate for lower-than-expected traffic

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Transport Infrastructure Ireland has admitted to the Dáil’s Public Accounts Committee that the State has paid DirectRoute Limerick EUR34 million (US$40.1 million) under the terms of the PPP contract to compensate for lower-than-expected traffic. Conservative estimates project further traffic payments of about EUR150 million over the remainder of the contract, bringing the total projected State expenditure to about EUR200 million
List of the country updates

Country updates

  • March 05, 2018

    Prequalification commences for social housing PPP in Ireland

    The National Treasury Management Agency, acting for and on behalf of the Department of Housing, Planning and Local Government of the Government of Ireland and Cork County Council, has issued a co...

    Read more
  • March 02, 2018

    Assured Guaranty purchases minority interest in Rubicon Infrastructure Advisors

    Rubicon Infrastructure Advisors has announced the sale of a minority equity interest in its parent company to a subsidiary of Assured Guaranty Ltd.

    Read more
  • March 01, 2018

    Future of Irish National Broadplan Plan PPP uncertain

    The chief executive of Enet, the sole remaining bidder in the tender process for the Irish National Broadplan Plan PPP, has announced his resignation, despite the Irish government planning t...

    Read more
  • February 16, 2018

    RFEOI issued for regeneration of Irish port

    Dún Laoghaire Harbour Company has issued a Request for Expressions of Interest for the regeneration of Carlisle Pier, Dún Laoghaire, about 12km south of Dublin, the capita...

    Read more
  • February 13, 2018

    GIG has completed its acquisition of a 50% stake in the project from Covanta

    GIG has completed its acquisition of a 50% stake in the project from Covanta. Covanta retains the remaining 50% stake and will continue to operate and maintain the facility

Share this update