Dáil Éireann Debate, Tuesday - 16 November 2021
435. Deputy Rose Conway-Walsh asked the Minister for Further and Higher Education, Research, Innovation and Science the total value collected from the sale of the former DIT campus building; the total amount from the same of former DIT campus buildings use to fund the Central and East Quad at Grangegorman; and if he will make a statement on the matter. [55559/21]
Amharc ar fhreagraAt this time, the TU Dublin property disposal strategy has yielded some €172 million, all of which will be reinvested in the Grangegorman development, mostly Programme 3.
The Central & East Quad buildings were delivered by way of a Design, Build, Finance, Operate and Maintain (DBFOM) PPP contract, and therefore most of the costs will be payable by way of monthly unitary charge payments over the operational period.
An amount of c.€36 million from the property disposals has been allocated to fund the TU Dublin element of overall project costs. TU Dublin is covering 42% of the unitary charge payment, including from savings achieved from the consolidation of provision on the Grangegorman campus.
