Written answers
Wednesday, 20 March 2024
Department of Finance
Public Private Partnerships
Rose Conway-Walsh (Mayo, Sinn Fein)
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277. To ask the Minister for Finance to provide details on all planned PPP projects and ongoing PPP contracts; the status of each project; the anticipated or known capital cost; the anticipated or known cost to the Exchequer over the lifetime of the contracts; the annual total payment of PPP unitary charges and the percentage share of the total capital budget for his Department and all public bodies under the aegis of his Department; and if he will make a statement on the matter. [13195/24]
Michael McGrath (Cork South Central, Fianna Fail)
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My Department does not have any planned Public Private Partnership (PPP) projects or ongoing PPP contracts.
The National Treasury Management Agency (NTMA) is a body under the aegis of my Department. My Department has not sponsored any PPP projects. However, the NTMA acting as the National Development Finance Agency (NDFA), procures and delivers PPP projects where requested by State authorities. Current PPP projects, at procurement or pre-procurement, referred to the NTMA for delivery are set out in the table below. Due to the current status of these projects and the commercially sensitive nature of procurement, the NTMA has advised that it is not appropriate, at this time, to provide details of anticipated costs.
In terms of costs for the completed projects, the payments made by the State over the life of the PPP contract (typically 25 years after construction) include not just the cost of design and construction but also the cost of financing, operating and maintaining the facility (including services such as planned and reactive maintenance, grounds maintenance, cleaning, caretaking, security and waste management). The PPP company must provide a fully maintained facility for the duration of the contract and carries the risk in relation to rectification of any construction defects that occur during the term. If a facility is not available or services are not provided in accordance with the standards set out in the contract, the State is entitled to reduce its monthly payment until the required standard is restored.
Further information on the total contract values and project payments for all State PPP projects is available at: www.gov.ie/en/publication/6f72b-projects/.
Project | Description | Current Stage |
---|---|---|
Higher Education PPP Bundle 2 | 5 higher education facilities, primarily focused on STEM (Science, Technology, Engineering, and Mathematics), across 5 counties | In procurementTender stage |
Social Housing PPP Bundle 3 | C. 480 social homes across 4 counties | In procurementTender stage |
Social Housing PPP Bundle 4 | C. 1000 homes in the Dublin area | In pre-procurementScheme design stage |
Social Housing PPP Bundle 5 | C. 900 homes in the Greater Dublin area | In pre-procurementScheme design stage |
Social Housing PPP Bundle 6 | C. 500 homes across 3 counties | In pre-procurement |
Social Housing PPP Bundle 7 | C. 650 homes across 4 counties | In pre-procurement |
Dublin Family Courts PPP | Family court facility at Hammond Lane in Dublin 7 | In pre-procurementPlanning stage |
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