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ARTICLE · 27 JULY 2012

Irish Government PPP Stimulus Package

Arthur Cox
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On 17 July 2012, the Minister for Public Expenditure and Reform, Mr. Brendan Howlin T.D., announced the Government’s plans for an additional €2.25 billion investment in job-rich public infrastructure projects in Ireland. Included in the package is €1.4bn of non exchequer funded PPP projects.

IrelandGovernment, Public Sector
Aaron Boyle
Aaron Boyle
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On 17 July 2012, the Minister for Public Expenditure and Reform, Mr. Brendan Howlin T.D., announced the Government's plans for an additional €2.25 billion investment in job-rich public infrastructure projects in Ireland. Included in the package is €1.4bn of non exchequer funded PPP projects.

The projects are aimed at delivering a much needed domestic economic stimulus through the creation of up to 13,000 new jobs. Certain of the projects had reached various stages of development already but had been put on hold largely as a result of perceived difficulties in obtaining commercial funding.

The recent development of funding structures on the Schools Bundle 3 PPP Project involving the EIB and the Irish National Pension Reserve Fund is seen as a breakthrough and which will be used as the basis for funding the new PPP Programme. Arthur Cox is advising the National Development Finance Agency, the contracting authority, on this Project.

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