Dáil Éireann Debate, Tuesday - 23 January 2018
174. Deputy Niall Collins asked the Minister for Finance the contracts his Department or agencies under his remit has with a company (details supplied); the status of these contracts; the contingency plans that may now be required; and if he will make a statement on the matter. [3146/18]
Amharc ar fhreagraI can inform the Deputy that my Department does not have any contracts with a company named Carillion.
Of the seventeen Bodies under the aegis of my Department, the National Treasury Management Agency (NTMA) has provided the following information:
|
Contract |
Status of contracts |
Contingency plans |
|
Schools PPP Programme – Bundle 5 Project Agreement dated 21 July 2016 and related ancillary agreements. The project involves the construction, finance, operation and maintenance of 6 schools on 4 sites in Wicklow, Wexford, Meath and Carlow. The National Development Finance Agency (NDFA) is responsible for management of the Project Agreement on behalf of the Department of Education and Skills. The counterparty to the Project Agreement is ‘Inspiredspaces Bundle 5 (Ireland) Limited’, a consortium in which Carillion is a 50% shareholder. The other 50% shareholder is the Dutch Infrastructure Fund (DIF). |
The Project Agreement is in the construction period. The school buildings in question are approximately 90% complete. |
The Project Agreement includes detailed provisions designed to ensure that the project continues in the event of the insolvency / liquidation of a consortium member. |
