Client
The Department of Education and Skills (“DoES”) acting by its agent The National Development Finance Agency (NDFA)
Location
Tulla, Skibbereen, Dundalk and Carrick-on-Suir, Ireland
Schools PPP Programme - Bundle 4
Ireland's Schools PPP Programme Bundle 4 delivered four new co-educational secondary schools in Tulla, Skibbereen, Dundalk and Carrick-on-Suir, serving approximately 2,950 pupils. Invesis was sole investor under a 25-year DBFM contract, with all four schools opened by May 2016 and concessions running until 2041.
Financial Close
December 2014
Construction Period
2 years
Concession Period
25 years
Handback
Phased between 2041 - May 2041
Client
The Department of Education and Skills (“DoES”) acting by its agent The National Development Finance Agency (NDFA)
Location
Tulla, Skibbereen, Dundalk and Carrick-on-Suir, Ireland
Sponsor/Investor
Invesis
Consortium
Schools Bundle 4 Holdings Limited
Engineering Procurement and Construction
BAM Building
Operations and Maintenance
BAM FM Ireland
Capital Value
€61m
Partnering with the NDFA to create modern co-educational post-primary schools across four Irish counties
Ireland's Department of Education and the NDFA commissioned the fourth bundle of the national Schools PPP Programme to replace outdated secondary school facilities across four communities. Several schools arose from amalgamations of existing institutions, creating new co-educational post-primary facilities for their areas.
In 2014, Invesis was appointed as sole investor under a 25-year DBFM contract. BAM Building delivered all construction and BAM FM Ireland provides facilities management. The four schools - St Joseph's Secondary School in Tulla, Co Clare (650 pupils), Skibbereen Community School in Co Cork (900 pupils), St Mary's College in Dundalk, Co Louth (900 pupils) and Comeragh College in Carrick-on-Suir, Co Tipperary (500 pupils) - all opened by May 2016. Concessions run until 2041.
