Balfour Beatty secures landmark care scheme in Ireland
The project, with a combined capital value of circa €140 million, is the first programme of its kind in the Republic of Ireland’s primary care market, boosting economic growth and helping the trades.
The Health Service Executive (HSE), which provides all of Ireland’s public health services, issued the tender through the National Development Finance Agency (NDFA) in response to the government’s health reform programme, which places a new emphasis on developing the role of primary care within a universal healthcare system.
The Prime led Consortium combines the considerable skills and resources of healthcare property company Prime, international infrastructure group Balfour Beatty, and InfraRed Capital Partners Limited a leading global investment manager focused on infrastructure and real estate.
Over the last five years Prime, Balfour Beatty and InfraRed have successfully raised over €3 billion of senior debt funding to support projects across the PPP infrastructure and primary care markets.
As experienced providers in the PPP and primary care markets, Prime and Balfour Beatty have brought together a team of 500 professionals to deliver the project.
A key aspect of the bid was the strategic commitment to local procurement with companies such as Balfour Beatty Ireland, JJ Rhatigan & Company and Aramark Ireland forming part of the delivery team. Local subcontractors and suppliers will also feature strongly in each project.
Tzvetelina Bogoina, Balfour Beatty Bid Director, said: “Balfour Beatty is a trusted partner in the healthcare construction and maintenance sector having delivered over £2billion worth of hospitals and care centres over the past decade.
“We look forward to working with the HSE and NDFA to deliver these primary care centres which will make a great, positive difference to local communities, not only in terms of health outcomes but in the positive impact it will have in creating local jobs.”
Will Bilbrough, Development Director at Prime plc, said: “We are delighted to have been appointed preferred tenderer and look forward to working with the HSE and NDFA to deliver this pivotal healthcare PPP for communities across Ireland.”