To date, 25 post primary schools, two primary schools and two higher education projects, (National Maritime College of Ireland and the Cork School of Music) have been delivered by Public Private Partnership. The school PPP projects involve the delivery of a combination of new schools in rapidly developing areas, replacements for existing schools and new accommodation for schools formed by the amalgamation of existing schools.
PPP projects across the various school bundles have delivered an additional 19,525 school places and 1,150 full-time and 2,500 part-time third level places. Schools Bundle 5 will deliver an additional 4,800 school places.
The following summary table of PPP projects reflects all Unitary Charge payments made up to the end of 2017, as well as construction related VAT payments.
The Grangegorman PPP project, which will deliver core academic infrastructure for DIT, is scheduled to achieve financial close in the coming weeks. The Higher Education PPP Programme, announced on 16 October 2017, is currently in the pre-procurement phase and will provide for some 8,000 new student places in Institutes of Technology.
Contracts (called project agreements) exist between my Department and the relevant Principal contractor, a Special Purpose Vehicle (SPV) responsible for the design, construction and finance of that particular PPP programme, as well as operation of the building in question for the 25 years post construction.
The following summary table also identifies the relevant SPV in each case.
Summary PPP Projects
PPP Project
|
PPP Company (SPV)
|
Project Classification
|
PPP Unitary Payments to End 2017 (VAT Excl)
|
Service Commencement Date
|
Contract End Date
|
Pilots PPP Bundle
|
Schools Public/Private Partnership (Ireland) Ltd
|
Design/Build/Finance/Operate and Manage (DBFOM)
|
€172.1m
|
2002
|
2027
|
National Maritime College
|
Focus Education (NMC) Ltd.
|
Design/Build/Finance/Operate and Manage (DBFOM)
|
€119.7 m
|
2004
|
2029
|
Cork School of Music
|
CSM PPP Services Ltd
|
Design/Build/Finance/Operate and Manage (DBFOM)
|
€93.7 m
|
2007
|
2032
|
Schools Bundle 1
|
MPFI Schools 1 Ltd
|
Design/Build/Finance/Operate and Manage (DBFOM)
|
€72.8 m
|
2011
|
2036
|
Schools Bundle 2
|
Pymble Schools Ltd
|
Design/Build/Finance/Operate and Manage (DBFOM)
|
€88.0 m
|
2011
|
2036
|
Schools Bundle 3
|
BAM Schools Ltd
|
Design/Build/Finance/Operate and Manage (DBFOM)
|
€70.2 m
|
2014
|
2039
|
Schools Bundle 4
|
BAM Schools Ltd
|
Design/Build/Finance/Operate and Manage (DBFOM)
|
€21.5 m
|
2016
|
2041
|
Schools Bundle 5
|
Inspired Spaces Consortium
|
Design/Build/Finance/Operate and Manage (DBFOM)
|
|
Expected 2018
|
Expected 2043
|