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 Deputy has been a 50% shareholder in the SPV. The other shareholder in the SPV is the Dutch Infrastructure Fund (DIF).
The Principal contractor for the SB5 programme continues to be Inspiredspaces. Sub-contractors on the project are employed by Inspiredspaces in that respect or indirectly by Inspiredspaces through other sub-contractors.
The Dutch Infrastructure Fund is currently working to develop a rectification plan to ensure delivery of the schools as quickly as possible. Once the details of the rectification plan have been confirmed by DIF, this will provide greater clarity for all involved in the individual projects.