Seán Crowe
Ceist:454 Mr. Crowe asked the Minister for Education and Science the breakdown of public private partnership costs as laid out in the Revised Estimates 2007. [42383/06]
Amharc ar fhreagraTuesday, 12 December 2006
Ceisteanna (435)
Freagraí scríofa
The sum of €33m is allocated in the 2007 Revised Estimates to Public Private Partnerships (PPP). Estimated current expenditure is €24.9m. This sum is in respect of the unitary payments due in 2007 for the five pilot PPP second level schools, the National Maritime College and the Cork School of Music, when completed.
Capital expenditure is estimated to be €8.1M. This represents the Construction VAT payable on the Cork School of Music PPP project. It was decided prior to the commencement of the Pilot PPP Programme that the cost of VAT on the construction of PPP project would not be included in the unitary payments over 25 years and would be paid when the project is handed over on completion of construction. The Cork School of Music is due to be completed and handed over to my Department in October 2007.