Construction Ireland Construction Directory
Time and date
CONSTRUCTION DIRECTORY
Share this page
Construction News
20/11/2015

NDFA Announces €1bn Infrastructure Plans

Construction News Image
The National Development Finance Agency (NDFA) has announced its plans for €1 billion worth of social housing, education, justice and healthcare projects.

The pre-procurement and procurement processes are due to begin in 2016.

Projects include spending €300m on 1,500 social housing units, investing €200m into third-level institutions and spending €150m on both courthouses/justice projects and community nursing units/healthcare.

NDFA Director, Brian Murphy, said the organisation would provide financial advice on a c.€150m programme to provide accommodation for 2,300 students at the planned Grangegorman campus for Dublin Institute of Technology (DIT).

The project is being taken forward by the Grangegorman Development Agency and Department of Education and Skills.

-- Advertisement --

Mr Murphy said: "Ireland is now firmly back on the radar of major international investors and their huge appetite for Irish infrastructure projects augurs well for our pipeline.

"This is good news for Irish taxpayers as it will make it easier to deliver projects that will bring real benefits to Ireland and to fund these projects on very attractive terms.

"We are very excited about the projects in our pipeline and we look forward to delivering high-quality social housing units, educational buildings, healthcare and courthouses over the coming years.

"These projects will help to address the serious infrastructure deficit which the country faces in these sectors."

The agency has also purchased or advised on €1.8bn worth of projects over the past 18 months.

These include 10 schools, seven courthouses, 14 primary care health centres, Grangegorman DIT and three road projects, some of which are already under construction.

Mr Murphy added it will be necessary to 'stringently' monitor costs as potential capacity constraints surface within the construction industry.

"These potential constraints are another positive sign of Ireland's strong economic recovery but we are confident we can address them effectively," he said.

(LM)

Latest Construction News

22/11/2024

A contract to design the Sandymount Flood Defence Scheme in Dublin has been awarded to Jacobs by the City Council. Sandymount is one of the city areas most vulnerable to coastal flooding and is also, separately, at risk from surface water flooding, i.e. run-off from rainfall. The contract ...
22/11/2024

Northern Ireland construction company Farrans has scooped a Highly Commended All-Ireland Occupational Safety Award. The company's SHE team members Joe Loughan and Ryan Carson attended the recent premier event, which were held in the Great Southern Hotel, Killarney, to be presented with a ...
22/11/2024

A 'Back to the 80s' themed charity ball, which was sponsored by a number of construction companies, has helped raise a record-breaking £118,000 profit for WaterAid. The international charity's event was held recently in Titanic Belfast will all of the funds raised going towards the WaterAid ...
22/11/2024

The M3 Lagan Bridge in Belfast will undergo urgent repair work from Tuesday, November 26, in order to replace damaged joints. As a result of the essential requirement to carry out these works, and to ensure the availability of specialist contractors, a series of lane closures will be in place ...
22/11/2024

Scheduled resurfacing works at the Syndenham bypass in Belfast, which were due to continue this weekend, will now not go ahead and the road will remain open. This comes as a result of a yellow Met office warning put in place for part of Saturday. An overnight closure will remain in place between ...
22/11/2024

Works to improve Kinsale's water supply in County Cork are set to commence next week. The project entails the replacement of over 500 metres of old watermains that are prone to frequent bursts and leakage with new modern pipes. The works will be carried out by Ward and Burke Construction Ltd on ...
22/11/2024

The first phase of sewer relining works on the Shore Road in Belfast has been successfully completed ahead of schedule by contractor Murphy Dawson WAM, NI Water has announced. As a result, the road has now fully reopened earlier than anticipated. The work to date has seen over half a kilometre of ...
22/11/2024

Leakage reduction works and water supply improvements to homes and businesses in Dublin 2 have been completed. The works, which were carried out on behalf of Uisce Éireann by GMC Utilities Group Ltd, involved the replacement of 180 metres of ageing water pipes between the junction of D'Olier ...
22/11/2024

CRH member company Roadstone has completed a major plant and equipment investment at its quarry, aggregates, and concrete products sites in the Republic of Ireland. The equipment – supplied to them by Komatsu and Metso distributors in Ireland, McHale Plant Sales – included Komatsu WA475 and WA600 ...
22/11/2024

A new member has been added to the Ministerial Advisory Group (MAG) for Architecture and the Built Environment for Northern Ireland. Mrs Suzanne McCoy has been announced as the latest MAG addition by Communities Minister, Gordon Lyons MLA, and will begin her role from December 1, 2024 until ...
Tapco Roofing ProductsDerrypark Construction LtdGreen City Paving & LandscapingSkill Ireland TrainingGerard Healy Plant HireHome Improvements IrelandDean Murray Painter & Decorators LtdLoughtec Cyber SecurityLCEGalvin Ceilings & Partitions
Terms and Conditions
2024/11/23 08:18:15