Public Finance Initiative (PFI) / Public Private Partnership (PPP)
As one of the major contractors in Northern Ireland, O'Hare & McGovern have taken a leading role in Public Private Partnerships. As Equity and sub-ordinated debt provider and contractor to Belfast Educational Services Limited, O'Hare & McGovern are delivering a much needed education facility to DENI and the CCMS in the form of a 1000 pupil school in Belfast. Construction has been completed and service delivery was achieved late February 2002.
Other education PPP's that we currently have in hand are:
- East Tyrone College - £17.5m. Phased construction due to complete in July 2006 and service delivery on Phase 1 was achieved in November 2004 and Phase 2 is due in August 2005.
- Omagh College - £17.5m. In construction with completion and service delivery scheduled for October 2006.
- Holy Cross College, Strabane, as preferred bidder, we have just received Planning Consent for an 18,000 pupil school with Financial Close scheduled for late August 2005.
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