Dáil Éireann Debate, Tuesday - 23 January 2018
212. Deputy Niall Collins asked the Minister for Education and Skills to set out details of the contracts his Department or agencies under his remit have with a company (details supplied); the status of these contracts; the contingency plans that may now be required; and if he will make a statement on the matter. [3144/18]
View answerIn respect of the Schools Bundle 5 PPP programme, a contract exists between my Department and the Principal contractor, Inspiredspaces. Inspiredspaces is the name of the Special Purpose Vehicle (SPV) responsible for the design, construction, finance, operation and maintenance of the programme.
The company referred to by the Deputy has been a 50% shareholder in InspiredSpaces. It is important to note that Inspiredspaces remains in place as the SPV responsible for delivery of Schools Bundle 5. The other 50% shareholder in the SPV is the Dutch Infrastructure Fund (DIF).
The National Development Finance Agency (NDFA) is responsible for management of the PPP contract on behalf of the Department of Education and Skills. The NDFA is currently engaging with DIF in relation to next steps. Every effort is being made to ensure delivery of the schools in as timely a manner as possible.
