Page last updated: 20/03/18
The Courts Bundle PPP Project was announced as part of the Government’s €2¼ billion Infrastructure Stimulus Package in July 2012.
The Courts Bundle PPP Project comprises the development of new courthouse buildings in Drogheda, Letterkenny, Limerick and Wexford and also the refurbishment and extension works to existing courthouses in Cork, Mullingar and Waterford. These priority projects, as identified by the Courts Service, will help to deliver improvements leading to reduced waiting times and reduced costs of litigation. Also, the improvements in court buildings in city and county town locations around the country will allow the rationalisation of court sittings and help achieve efficiencies in delivering services through the use of improved facilities and technology.
Details about the seven courthouse buildings within the Project, with an indicative total size of 36,872m², are available here.
|Drogheda||New Build||Service Commencement 6th June 2017|
|Letterkenny||New Build||Service Commencement 27th November 2017|
|Wexford||Refurbishment & Extension||Service Commencement 22nd December 2017|
|Limerick||New Build||Service Commencement 5th February 2018|
|Waterford||Refurbishment & Extension||Service Commencement 2nd March 2018|
|Cork||Refurbishment & Extension||Construction underway with completion expected throughout 2018|
|Mullingar||Refurbishment & Extension|
|Client / Department||Courts Service|
|Department of Justice and Equality|
|Project Management / Financial Adviser||NDFA|
|PPP Company||BAM Courts Bundle Limited|
|Contractor||BAM Building Ltd.|
|Service Company||BAM FM Ireland Ltd.|
|Funders||MUFG – Senior Debt|
|Talanx Asset Management GmbH – Private Placement Solution|
|BAM PPP PGGM Cooperatie Infrastructure U.A. – Equity Investors|
|Project Advisers||See details here|
Drogheda, Letterkenny and Wexford Courthouses reached service commencement on 6th June, 27th November and 22nd December 2017 respectively. Limerick and Waterford Courthouses reached service commencement on 5th February and 2nd March 2018 respectively. Construction continues on the 2 remaining sites with completion expected throughout 2018.
On 17 April 2014 the NDFA published a Contract Notice on eTenders. Five expressions of interest were received by the deadline for pre-qualification submissions on 12 June 2014. Following evaluation four consortia were shortlisted, details are available here.
The Invitation to Negotiate (ITN) was issued in October 2014 and tenders were received in March 2015. Following a detailed evaluation process the BAM PGGM consortium was selected as preferred tenderer on 12 June 2015. On 18 December 2015, the NDFA in its capacity as procuring agent on behalf of the Courts Service, awarded the contract to BAM PPP PGGM.
The financing structure is a fully funded solution structured and arranged by the Bank of Tokyo-Mitsubishi UFJ. Ltd (MUFG).