A New Era for Irish Higher Education: The Higher Education Bundle 2 Public Private Partnership (PPP) Project
Second Installment Funding for the Higher Education PPP Program's Package Deal, Overseen by Invesis Finance
The Higher Education Bundle 2 PPP project, a significant step forward in enhancing Ireland's higher education infrastructure, is now underway. This ambitious initiative involves the construction of five new buildings across three universities: Atlantic Technological University, South East Technological University, and Technological University of the Shannon.
The Universities Involved
- South East Technological University (SETU): The Waterford and Carlow campuses will see new additions as part of this project.
- Atlantic Technological University: The Galway and Letterkenny campuses are also part of the project's scope.
- Technological University of the Shannon: The Limerick campus will benefit from the new facilities.
The Project Team and Partners
The Higher Education Bundle 2 PPP project is a collaborative effort. Key players include:
- BAM: Appointed as the design and construction contractor.
- Invesis: Working alongside BAM to deliver the project.
- BAM FM: Responsible for long-term facilities management.
- Department of Further and Higher Education, Research, Innovation and Science: The approving authority overseeing the project.
- National Development Finance Agency (NDFA): In charge of the procurement of the PPP project on behalf of the Department of Further and Higher Education, Research, Innovation and Science.
Key Features and Benefits
The project, with an estimated construction cost of approximately €380 million (ex VAT), is set to commence service between Q3 2027 and Q2 2028. The new facilities will focus on STEM and practice-based learning, featuring advanced laboratories, workshops, and studios. The project will add around 72,800m² of additional space, supporting approximately 8,500 new student places.
Economic and Social Impact
The Higher Education Bundle 2 PPP project is expected to generate substantial economic and social value, supporting local communities and contributing to Ireland's long-term educational goals. The contract involves the construction, maintenance, and operations of new facilities across multiple higher education campuses.
[1] Source: [Link to the official press release or announcement] [2] Source: [Link to additional information about the project] [3] Source: [Link to the government's statement on the project]
(Note: The article does not provide information about the specific roles of the team members mentioned earlier.)
- This PPP project, with its focus on constructing new facilities in the fields of STEM and practice-based learning, could potentially open up new opportunities for business partnerships in education-and-self-development sectors, further enhancing Ireland's higher education infrastructure.
- As finance plays a crucial role in executing such large-scale infrastructure projects, the involvement of entities like INVESIS and the National Development Finance Agency (NDFA) ensures the successful financial management of the Higher Education Bundle 2 PPP project.
