Arthur Morgan (Louth, Sinn Fein)
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Question 481: To ask the Minister for Education and Science the terms of the public private partnership contract that has been agreed between her Department and a construction company for the provision of two secondary schools at Borris Road, Portlaoise, including but not restricted to the length of the lease, tax incentives, any initial payment, the ongoing cost of the lease and any final payment before the school can come into public ownership. [5949/08]

Mary Hanafin (Dún Laoghaire, Fianna Fail)
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Macquarie Partnership for Ireland (MPFI) has been selected as the preferred tenderer for the provision of the first Bundle of Public Private Partnership Schools consisting of two schools in County Laois and two in County Offaly. Negotiations between the National Development Finance Agency, which is responsible for the procurement of the school, and MPFI are ongoing. It is envisaged that the contract will be signed with the next few months. If the negotiations are successful MPFI will be granted a licence to build and then operate the four schools for 25 years. All four schools will remain in public ownership. MPFI will receive no payments until the four schools have been completed and are in operation. Unitary payments will then be paid on a monthly basis for the duration of the contract and will be subject to deductions if required. No tax incentives, special initial or final payments are being provided to MPFI.