Dáil Éireann Debate, Thursday - 23 February 2017
408. Deputy Robert Troy asked the Minister for Transport, Tourism and Sport the details of the financing structure of the New Ross bypass PPP project, including the level of Exchequer funding; the level of private finance involved and the role of the European Investment Bank guarantee; if the assets will be in full public control; and the expected unitary payment charges to the Exchequer or associated with this PPP once completed. [9164/17]
Amharc ar fhreagraAs Minister for Transport, Tourism & Sport, I have responsibility for overall policy and funding in relation to the national roads programme. The planning, design and implementation of individual PPP road projects is a matter for Transport Infrastructure Ireland under the Roads Acts 1993-2015 in conjunction with the local authorities concerned.
Transport Infrastructure Ireland concluded the PPP contract for the New Ross Bypass with the BAM PGGM Iridium consortium in January 2016. The debt funding for the project is being provided by institutional investors and this was the first Irish project to avail of the European Investment Bank’s project bond credit enhancement programme. Once the bypass is constructed the PPP consortium will be responsible for managing the road for the duration of the contract period.
As the detailed commercial arrangements relating to the project are a matter for TII, I have referred the Deputy’s question to TII for direct reply. Please advise my private office if you don’t receive a reply within 10 working days.
The referred reply under Standing Order 42A was forwarded to the Deputy.
