Under Ireland’s National
Development Plan 2018-2027, Public Private Partnerships will continue to play a
vital and integral role in public infrastructure investment.
What are Public Private Partnerships?
Public Private Partnerships
(PPPs) are partnerships between the public and private sectors for the purpose
of delivering a project or service traditionally provided by the public sector.
PPP agreements are typically long-term in nature (commonly 25 years or more
years) and can take several legal and contractual forms. In Ireland, PPPs are commonly created for the
following project types:
- Design-Build-Finance-Operate-Maintain (DBFOM) – A project delivery
mechanism commonly used by Governments for the construction of public
infrastructure projects such as roads, bridges and airports. Under such a structure, the government entity
enters into an agreement with a private sector party under which it allocates
to that party all of the project’s duties.
This includes designing, constructing, financing, operating and
maintaining the project. DBFOM projects
have the benefit of shifting a greater proportion of risks (revenue and
finance) to the private partner.
- Design-Build-Finance-Maintain (DBFM) – Under this structure the private sector
designs, builds and finances assets and provides hard facility management or
maintenance services under a long-term agreement.
- Concessions – A private sector ‘concessionaire’ invests in and operates a facility
for a fixed duration, after which ownership reverts back to the public sector.
What is the National Development Plan (NDP)?
In 2018, the Irish government
published the National Development Plan (NDP), which included €116 billion in
capital investment. Core to the NDP is
the use of PPPs to encourage foreign direct investment for high-value
infrastructure projects such as:
- Bus Connects for Ireland’s
- Dart Expansion Programme
- Metro Link
- New parallel runway for
- Regional Airports Programme
- Investment at Dublin Port,
the Port of Cork and Shannon Foynes Port
- Galway Ring Road
- M20 Cork to Limerick
- N4 Collooney to Castlebaldwin
- N8 Dunkettle
- N5 Westport to Turlough
- N22 Ballyvourney to Macroom
- A5 Road Development
Investment will also be
encouraged for transitioning to a low carbon economy, environmental
sustainability, social housing, education and healthcare, rural regeneration,
broadband, and Enterprise, Innovation and Skills to boost the economy. The NDP also provides for sports, culture and
Why Choose Lavelle Partners?
- Our property department, led
by Head of Property, Nicola Walsh has a wealth of practical knowledge and
experience in relation to PPPs in Ireland.
We are business people at heart and will work tirelessly to ensure your
business interests are represented and goals achieved.
- Our team has many years of
experience in providing PPP legal advice for some of Ireland’s largest
construction firms, developers and public entities.
- We are personally invested in
our clients’ success. As such, we help
you tackle problems and capitalise on opportunities swiftly. If a conventional solution does not achieve
your objectives, we will challenge it, disrupting conventional ways of thinking
to create a result that works for you.
- When it comes to making decisions, our experience and knowledge give us
the confidence to make decisions quickly, a crucial factor in PPP projects.
For further information on how we can help you with Public Private
Partnerships (PPPs) in Ireland, please contact Lavelle Partners in confidence
on (01) 644 5800.