Written answers

Thursday, 8 December 2022

Department of Public Expenditure and Reform

Public Private Partnerships

Photo of Rose Conway-WalshRose Conway-Walsh (Mayo, Sinn Fein)
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224. To ask the Minister for Public Expenditure and Reform the total annual expenditure on PPP-related charges; if he will outline the projections for future growth in expenditure related to PPP charges in tabular form; and if he will make a statement on the matter. [61508/22]

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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The Deputy may be interested to know that financial information for Public Private Partnership (PPP) projects are published on the PPP.Gov.iewebsite. 

There are two sets of financial data under the Projects tab on the website.  The first data sheet entitled Contract Value and Financial Commitment gives information of the various PPP projects by sector which were in operation before end-2021.  The sheet includes details of the operational date of the PPP, the construction capital cost of each project, the overall PPP-related charges made to end-2021, paid through annual unitary payments, the overall projected future PPP-related unitary charges due for the remainder of the contracts, other payments related to the PPP projects, such as enabling works (where available), the projected total costs to the end of each of the contracts, the end-date of each contract and the name of the PPP company that delivered the project. 

The second data sheet gives an indicative annualised breakdown of unitary payments from 2022 to the completion of the contract for each individual project, subject to an indexation of 2% per annum.The PPP-related unitary charges for 2022 will amount to approximately €350 million with the average annual payment from 2022 out to 2032 in the region of €330 million, thereafter the payments will decrease as contracts are fulfilled. 

The following table sets out the overall annualised amounts scheduled to be made in respect of unitary payments from 2022 to 2052.

Year Unitary Payment (€)
2022 351,147,530
2023 342,227,779
2024 323,037,232
2025 323,977,340
2026 333,048,166
2027 328,347,562
2028 318,322,492
2029 319,806,652
2030 321,059,941
2031 330,695,027
2032 329,424,265
2033 324,107,838
2034 320,806,664
2035 293,565,891
2036 264,314,489
2037 245,574,982
2038 247,644,797
2039 240,202,117
2040 226,489,426
2041 209,880,913
2042 182,217,125
2043 86,362,318
2044 74,786,356
2045 48,175,645
2046 10,736,201
2047 100,600
2048 0
2049 6,891,060
2050 7,353,422
2051 18,585,711
2052 13,161,794

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