I propose to take Questions Nos. 28, 35 and 56 together.
In respect of the Schools Bundle 5 PPP programme, a contract exists between my Department and the Principal contractor, Inspiredspaces. Inspiredspaces is the Special Purpose Vehicle (SPV) responsible for the design, construction, finance, operation and maintenance of the schools.
The company referred to by the Deputies has been a 50% shareholder in the SPV. The other shareholder in the SPV is the Dutch Infrastructure Fund (DIF).
Inspiredspaces remains in place as the SPV responsible for delivery of Schools Bundle 5. The PPP contract between my Department and the SPV equally remains in place. The National Development Finance Agency (NDFA) manages that contract on behalf of my Department.
The Dutch Infrastructure Fund is now required to intervene to ensure that the schools in the PPP programme are completed to the satisfaction of the State. It is currently in the process of developing a rectification plan and remains in close contact with the NDFA in that regard. The outcome of this process will provide greater clarity in relation to likely school completion dates.
The Dutch Infrastructure Fund has confirmed that resolution of the situation is its top priority.