It will comprise the design, building, financing, operation and maintenance of eight new social housing developments at various identified sites in counties Cork, Waterford, Clare, Galway, Roscommon and Kildare. The number of units per site will vary from 50 to 80 units.
The PPP contract will run for 25 years from the service commencement date.
As with the first bundle currently under procurement, payment by the contracting authority will be by monthly unitary payments. Rent collected from tenants of the social housing units by the successful tenderer will be passed back to the state and will not form part of the payment for the project.
It is anticipated that committed funding will be sought as part of the tender submissions.
The NDFA is procuring the project on behalf of the Department of Housing, Planning, and Local Government (sanctioning authority) and Cork County Council (sponsoring agency).
The estimated date for publication of the contract notice is 12 February, with clarifications due by 31 January.
NDFA deputy director Gerard Cahillane will provide an update on the PPP pipeline in Ireland on 11 December at the fifth annual Financing Irish Infrastructure conference. There will also be a panel discussion on solutions for Ireland’s housing crisis. For more information, click here