Statement by NDFA on Schools Bundle 5 PPP contract (15 Jan 2018)
15 January 2018
Following today’s announcement that a liquidator has been appointed to UK infrastructure group Carillion plc (a member of the consortium that was awarded the contract for PPP Schools Bundle 5), an NDFA spokesman said:
- In accordance with international best practice, this PPP contract includes detailed provisions that apply in the event of the liquidation of a consortium member to ensure that the project proceeds on a “business as usual” basis with minimal disruption.
- Given the advanced state of these schools (approximately 90% completed) the NDFA does not envisage material disruption or delay to the works. However the NDFA is actively monitoring the position in the context of the robust contractual protections provided for under the PPP contract.
- The estimated capital value of the contract is c. €100m. To date, the State has made a payment of €4m in respect of off-site works. The State is not obliged to make any further payment until the full works and services set out under the contract have been satisfactorily delivered for each school.
Further information on this project is available on the NDFA website at the following link: