Re: Re: transport21
To a certain extent I would agree that the Metro North probably isn’t feasible in this climate, however I’m not fully up to speed on the funding arrangements on this? Have any posters an idea of the government cost/taxpayer cost on this particular PPP model, how much are the government in for on the whole deal?
With the Rail Procurement Agency in new offices in town and these Metro / LUAS projects their only function and the possible €50 or so million spent to date on the MN its likely therefore to be a runner.
Correct me if I’m wrong, isn’t it a fight out between 2 candidate contractors presently and the tendering is at the Best and Final Offer stage (BAFO stage) and the project (MN) is designed (to a certian degree?)?
On a side issue; something that struck me a few times over the years is why their isn’t just one Government Agency for Rail Transport where ‘joined up thinking’ would be possible.
In this climate there must be justification for amalgamation of Irish Rail (maybe the projects / procurement section for starters) with the RPA with a view to cutting back on the costs of both of these Gov Agencies / Depts?
the informal word from RPA sources is they expect the contract to be signed at approx 1.75 Bn
MN is at the oral hearing stage with ABP and PP is expected early next year.
The contract is a PPP and the consortium will raise the money. Though the gov is presenly looking at facilitating this either through the EIB or Sovereign funds or an Infrastructure bond through the Pensions fund. Or a mix of these 3.
No money is payable until construction is complete (2016) and then payable over 25 years.
Cutting MN therefore will save no money.
On the other hand approx 9,000 people are expected to be employed directly and indirectly during construction so it will be a welcome stimulus to the economy.
As well as laying a crucial spine of an integrated public transport system.