As the Deputy may be aware Public Private Partnerships (PPPs) are projects whereby the asset is funded and constructed by a private sector partner appointed through a public procurement process, following which it is made available for public use and is paid for by the State and/or users over an extended period (typically 20-25 years), after which the asset comes into State ownership.
The cost of such projects is spread over the lifetime of the projects, by way of annual unitary payments. My Department complies with the Infrastructure Guidelines, the PPP Guidelines and public procurement rules in the implementation of all PPPs.
There has been one Public-Private Partnership (PPP) project by the Courts Service in the time period specified and details are provided in the table below. I am
informed that this project has not been the subject of cost overruns, renegotiations, or early termination.
|
Project Name
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Contract Value
Incl. VAT
€
|
Start Date
|
End Date
|
Comments
|
|
Regional Courts PPP Bundle
|
159.8m
|
2017
|
2042
|
Expected total cost including financing €410.1m
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