I signed the first public private partnership contract under the Government's pilot PPP programme on 15 November 2001 with Jarvis plc for five new post-primary schools. It is a single contract to design, build, finance, and maintain the five schools over a 25 year period. The capital value of the contract is €80 million, net present value €127 million, and work on site commenced at the end of 2001. All five schools are scheduled for completion at the end of 2002. The new schools, which will cater for around 3,500 pupils, are located in Tubbercurry – 675 pupils – Ballincollig – 1,000 pupils – Clones – 500 pupils – Dunmanway – 700 pupils – and Shannon – 600 pupils. The PPP contracts were tendered in the Official Journal of the European Communities in June 2000. All five schools have been designed by Irish architects and are being constructed by Irish contractors.