Dáil Éireann Debate, Tuesday - 24 May 2022
509. Deputy Matt Shanahan asked the Minister for Further and Higher Education, Research, Innovation and Science the estimated timeline and milestones for buildings to be delivered in bundle II of the National Development Finance Agency higher education public private partnership programme; the approach to dealing with construction price inflation; the expected completion and handover dates; and if he will make a statement on the matter. [25750/22]
Amharc ar fhreagraBundle 2 of the Higher Education Public Private Partnership programme, comprising five projects, is currently at tender (competitive dialogue) stage. Construction price inflation and volatility in the construction market is presenting challenges, however, the procuring authority comprising of the Department of Further and Higher Education, Research Innovation and Science, the National Development Finance Agency and the Higher Education Authority is working within the parameters of the procurement process to manage these challenges.
Notwithstanding this, it is currently estimated that the programme will achieve financial close in Q1 2023 with construction activities commencing on all five sites immediately thereafter. The construction duration for the projects is also in the region of 24 months and hence the facilities are estimated to become operational from Q1 2025 onwards.
