Dáil Éireann Debate, Tuesday - 20 September 2022
442. Deputy Matt Shanahan asked the Minister for Further and Higher Education, Research, Innovation and Science if he will provide details of the expenditure with respect to each year of operation of each of the ongoing public-private partnership projects at the Cork Institute of Technology, now Munster Technological University, Cork; and if he will make a statement on the matter. [45514/22]
View answerAs the Deputy is aware the National Maritime College of Ireland (NMCI) and the Cork School of Music (CSM) are part of Munster Technological University (MTU), with projects delivered by way of Public Private Partnership (PPP) contract.
I wish to advise that once a PPP contract has been signed, the cost information is published by the Department of Public Expenditure and Reform (DPER). Details published include the cost of design, construction and finance, as well as the cost of operating, maintaining and conducting lifecycle works to the buildings over the 25-year operational period of the contract. The Deputy can access the information requested in respect of NMCI and CSM at https://ppp.gov.ie/ppp-projects.
As is the case with all higher education PPP projects, the costs are reimbursed by my Department to the PPP Company, as part of the monthly Unitary Charge payments. Once these projects reach service commencement i.e. construction has been completed, the UC payments commence and continue over the 25-year operational period. To note, NMCI reached service commencement in October 2004 and CSM in July 2007.
