PPP Programme - Preferred Tenderer for N8 Rathcormac/Fermoy Bypass Announced
17th February 2004
NRA PPP ROADS PROGRAMME
Preferred Tenderer for N8 Rathcormac/Fermoy Bypass Announced
On 16th December 2003, the NRA received Best and Final Offers from 2 consortia in relation to the N8 Rathcormac/Fermoy Bypass. Following completion of an evaluation of the offers, the Direct Route consortium has been selected as Preferred Tenderer:
The Direct Route consortium comprises:
Kellogg Brown & Root Ltd, Strabag AG, John Sisk & Son (Holdings) Ltd, Lagan Holdings Ltd, Roadbridge Ltd. and the First Irish Infrastructure Fund (a joint AIB/European Investment Bank fund established for the purpose of investing in PPP projects and private sector infrastructure developments in Ireland and across Europe).
Bank funding to the consortium is being provided by KBC, ING, AIB and the European Investment Bank.
The Authority now intends to proceed with this consortium with the objective of the award of this contract by Summer 2004.
The N8 connects Cork to Portlaoise and forms part of the strategic link between Cork and Dublin. The N8 Rathcormac/Fermoy Bypass comprises the construction of approximately 17.5 km of two lane motorway together with associated interchanges and local road realignments and includes a 450 m long viaduct spanning across the Blackwater Valley.
For further information contact
Caroline O'Brien (NRA) on 353-1-6602511