The Irish Schools Bundle 5 PPP project has an estimated value to Carillion of approximately 拢190m. The joint venture, Inspiredspaces Bundle 5 (Ireland), is a 50:50 partnership between Carillion and Dutch Infrastructure Fund. Client for the project is the Department of Education & Skills, with the National Treasury Management Agency acting as agent on its behalf.
The joint venture will be responsible for financing, building, operating and maintaining five schools and an institute of further education in counties Meath, Carlow, Wicklow and Wexford. The joint venture will invest 拢9m of equity in the project, of which Carillion鈥檚 share will be 拢4.5 million.聽 Carillion will also carry out the construction and deliver support services over the 27-year concession period and these activities together with the equity investment are expected to generate about 拢190m of revenue for Carillion.
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