BAM Reaches Financial Close for Courts PPP
22nd December 2015
BAM has reached financial close with the National Development Finance Agency (NDFA) that will see the construction and refurbishment of seven landmark courthouses across Ireland. The Court Bundle Public-Private Partnership (PPP) project will now enter its design phase on the 4th January 2016 with construction expected to be completed in 2017. BAM Ireland has also been contracted to undertake the management of the facilities for a period of 25 years.
Commenting on the announcement, Theo Cullinane, BAM Ireland Chief Executive said: “We are pleased to have concluded this agreement in relation to the €135 million Court Bundle PPP project. This will support in excess of 2,500 direct and supporting jobs across the country. Our courts are key elements of State infrastructure, and it is a source of tremendous pride for BAM that we will be undertaking the construction, modernisation, and long-term maintenance of these important buildings.”
The modernisation of Ireland’s justice facilities is a key element of the Irish Government’s €2.25 billion Infrastructure Stimulus Programme. The seven courthouses, ranging in size from 1,354 m² to 8,490 m² in gross floor area, are as follows:
· Cork City – The refurbishment and extension of the existing landmark courthouse building at Anglesea Street to accommodate six courtrooms, improved custody facilities, court offices, the regional office and associated facilities.
· Drogheda, Co. Louth – A new courthouse consisting of two courtrooms and associated facilities to be constructed on a landmark town centre site adjacent to the River Boyne.
· Letterkenny, Co. Donegal – A new courthouse to accommodate four courtrooms and associated facilities to be constructed on a town centre site close to the existing courthouse.
· Limerick City – A new criminal courthouse to be built on a site adjacent to Limerick Prison, to include six courtrooms, custody facilities, court offices and associated facilities.
· Mullingar, Co. Westmeath – The refurbishment and extension of the existing historic courthouse in Mullingar to accommodate three courtrooms, improved custody facilities, court offices and associated facilities.
· Waterford City – The refurbishment and extension of the existing historic courthouse in Waterford to accommodate six courtrooms, improved custody facilities, court offices and associated facilities.
· Wexford Town – The refurbishment and extension of an existing landmark building to provide a new courthouse for Wexford Town consisting of four courtrooms, custody facilities, court offices and associated facilities.
BAM has a long track record in delivering building and engineering projects under the PPP model. Last year saw the completion of eight schools under the NDFA backed School Bundle 3 PPP. BAM has recently commenced works as preferred tenderer for Schools Bundle 4 PPP programme under the same initiative. It also recently reached Financial Close with the National Roads Authority (NRA) for the €350 million M11 Gorey to Enniscorthy PPP motorway project.
Theo Cullinane noted: “Social Infrastructure PPP projects are a key element in BAM’s plans for Ireland. The Courts Bundle is the ninth addition to BAM’s overall PPP portfolio, and we will continue to seek out worthwhile projects where our expertise and experience can enrich communities across Ireland.”