Release date: 29 October 2001
Promoter – Financial Intermediary
Minister of Education and Science, IrelandCork Institute of Technology And Irish Naval ServiceLocation
Description
The project concerns the design, building, financing and operation of the new National Maritime College (NMC) at Ringaskiddy, Cork.
Objectives
The use of Public Private Partnership (PPP) in education in Ireland is designed to relieve school principals of estate issues, bring ‘value for money’ compared with conventional procurement, promote improved out-of-hours use by redesign of school buildings; and foster new ideas in school design.
Comments
Education
Sector(s)
Proposed EIB finance (Approximate amount)
IEP 24 million (EUR 30.5 million)
Total cost (Approximate amount)
IEP 51 million (EUR 65 million)
Environmental aspects
All mitigating environmental measures required by the planning authorities are to be included in the project, which will be located in an area reclaimed from the sea 20 years ago and situated on the sea shore in the industrial area of the harbour of Ringaskiddy, Cork.. Irish legislation does not require an EIA for developments of less than 10 ha in the location of the project.
Procurement
The promoter launched an international pre-qualification procedure. Selection of the preferred bidder from 3 final bidders, is expected to take place in December 2000/January 2001 and contract award is scheduled for the 1st Quarter 2002.
Status
Signed - 6/02/2003
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).