Written answers
Thursday, 8 December 2022
Department of Public Expenditure and Reform
Public Private Partnerships
Rose 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]
Michael 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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