Client
The Department of Education and Skills (“DoES”) acting by its agent The National Development Finance Agency (NDFA)
Location
Athlone, Ballinamore, Doon, Doughiska, Gorey, Letterkenny, Tramore, Ireland
Schools PPP Programme - Bundle 3
Ireland's Schools PPP Programme Bundle 3 delivered eight new schools across seven locations - from Letterkenny in Donegal to Tramore in Waterford - replacing outdated facilities and creating modern learning environments for thousands of pupils. Invesis was sole investor under a 25-year DBFM contract, with all schools opened by April 2014 and concessions running until 2038-2039.
Financial Close
November 2012
Construction Period
Phased between November 2013 - May 2014
Concession Period
25 years
Handback
Phased between November 2038 - May 2039
Client
The Department of Education and Skills (“DoES”) acting by its agent The National Development Finance Agency (NDFA)
Location
Athlone, Ballinamore, Doon, Doughiska, Gorey, Letterkenny, Tramore, Ireland
Sponsor/Investor
Invesis
Consortium
Schools Bundle 3 Ltd
Engineering Procurement and Construction
BAM Building
Operations and Maintenance
BAM FM Ireland
Capital Value
€100m
Supporting the Department of Education and NDFA to replace outdated school facilities from Donegal to Waterford
Ireland's Department of Education and the National Development Finance Agency commissioned the third bundle of the national Schools PPP Programme to address school place shortfalls and replace outdated facilities across seven communities.
In 2012, Invesis was appointed as sole investor under a 25-year DBFM contract. BAM Building delivered all construction and BAM FM Ireland provides facilities management services. The eight schools - including post-primary schools in Athlone, Doon, Doughiska, Letterkenny, Ballinamore, Gorey and Tramore, and a primary school in Doughiska - opened in phases between November 2013 and April 2014. Several arose from amalgamations of existing schools, bringing communities together in new, purpose-built facilities. Concessions run for 25 years from each school's opening date, with handback phased between November 2038 and May 2039.
