The €135 million (ex-VAT) project is a public private partnership (PPP) set to deliver upgraded courthouse facilities in seven different regions around Ireland. The project forms part of the Irish Government’s €2.25 billion Infrastructure Stimulus Programme announced in 2012.
The new courthouse buildings will be developed in Drogheda, Letterkenny, Limerick and Wexford and refurbishment and extension works will be carried out to existing courthouses in Cork, Mullingar and Waterford.
Construction by BAM Ireland is expected to commence in November 2015 with final delivery due by November 2017.
About BAM PPP
BAM PPP is an operating company of Royal BAM Group, a worldwide construction services company generating revenues of approximately €7.3 billion and listed on Euronext Amsterdam. BAM PPP is responsible for Royal BAM Group’s involvement in the PPP market. Operating from offices in Bunnik, Birmingham, Brussels, Dublin, Frankfurt am Main and Glasgow, BAM PPP is active in the road, rail, education, healthcare, judicial and general accommodation sectors and is well positioned to access most Western European markets.
PGGM is a cooperative Dutch pension fund service provider. Institutional clients are offered: asset management, pension fund management, policy advice and management support. On 31 March 2015 PGGM has €199.9 billion in assets under management. The PGGM cooperative has approximately 686,000 members and is helping them to realize a valuable future. Either alone or together with strategic partners, PGGM develops innovative future provisions by linking together pension, care, housing and work.www.pggm.nl
About BAM Ireland
BAM Ireland, also an operating company of Royal BAM Group, was established in Ireland in 1958. It has a long track record of investing in and delivering significant building and civil engineering projects, including under the PPP model. Last year BAM Ireland completed eight schools under Schools Bundles 3 PPP and has also successfully delivered the Newlands Cross Junction, M1 Dundalk Western Bypass, the M7 / M8 Portlaoise Bypass and the M25 Waterford Bypass PPP Motorway schemes. Works on the N11 Arklow to Gorey section of the Newlands Cross / N11 PPP are continuing. BAM recently signed a schools PPP contract with the National Development Finance Agency (NDFA), for the design, build, finance and maintenance of four schools under the Schools Bundle 4 PPP and BAM Ireland has been announced as preferred bidder for the M11 Gorey to Enniscorthy motorway and the N25 New Ross Bypass PPP schemes by the National Roads Authority.