BAM confirmed as preferred tenderer for Schools PPP Programme Bundle 4, Ireland
Bunnik, the Netherlands, 22 July 2014 - BAM PPP PGGM Infrastructure Coöperatie has been selected by the Department of Education and Skills (DoES) and the National Development Finance Agency (NDFA) to deliver four new post primary schools in Counties Tipperary, Cork, Clare and Louth in Ireland subject to the satisfactory outcome of the planning process. The Schools PPP Programme Bundle 4 is the first accommodation-based project in the Irish Government’s Stimulus Programme to reach Preferred Tenderer stage.
BAM will be responsible for the detailed design, build, finance, maintenance and operation of the four new replacement post primary schools. The schools will all be constructed on greenfield sites and will have an overall pupil capacity of 2,950.
The PPP project is being procured by means of the negotiated procedure. Project financing is subject to a preferred tenderer funding competition.
A financial close in Q4 2014 is being targeted with overall construction completion in early 2016, followed by a 25 year concession delivering both hard and soft facility management services.
BAM’s advisers included Quayle Munro (financial) and Arthur Cox (legal).
Further information:
- BAM PPP: V. (Vicki) Harris, +44 (0)141 779 8634;
- Royal BAM Group: A.C. (Arno) Pronk, +31 (0)30 659 86 21.