Seán Ashe Hosts the Minister of Education and Skills, Richard Bruton, T.D., for the Announcement of the Commencement of Public Private Partnership Construction
Seán Ashe the Chief Executive of KWETB was delighted to host the Minister for Education and Skills, Richard Bruton, T.D.; representatives from the Department of Education and Skills, National Treasury Management Agency (NTMA); Principals and Trustees from Coláiste Ráithín Bray, St. Philomena’s Bray, Tyndall College, Carlow, Eureka Secondary School, Kells and Loreto College, Wexford today.
At the event located on the new school Site for Coláiste Ráithín and St. Philomena Bray (Old Dargle View Golf Club Lands) Minister Bruton announced the signing of the contracts for the commencement of building works in respect of Bundle 5 of the Government’s Public Private Partnership (PPP) Programme. This programme, announced as part of the Government’s Stimulus Package measures of July 2012, provides for the construction of four new post-primary school projects and one new primary school project. It also provides for the continuing operation and maintenance of these school projects over a 25 year period after the schools become operational.
The contract, which also includes designing, building, and financing the projects, has been entered into with the Inspiredspaces consortium. The schools and sports pitches will be built by Inspiredspaces on greenfield sites and funded by two international investors, BTMU and Haleba. The cost of these projects is spread over a 25 year period through annual inflation-linked payments called “unitary charges”, the first of which will be made following completion of the first school building in 2017.