Project represents EIB support for healthcare investment in Ireland for first time
Minister for Public Expenditure and Reform, Paschal Donohoe T.D., has today (Wednesday) welcomed the announcement of a nationwide project to deliver 14 primary care centres funded by the European Investment Bank (EIB), and the Bank of Tokyo Mitsubishi UFG (BTMU) and Talanx Asset Management under the Government’s programme of Public Private Partnership (PPP) (see details below).
The EIB is providing up to 50% of the funding required and the balance is being provided by the Bank of Tokyo Mitsubishi UFG (BTMU) and Talanx Asset Management.
This is the first time the EIB has supported healthcare investment in Ireland and the first time that the bank has given dedicated backing to Primary Health Care in Europe. This funding represents a substantial contribution of up to 50% of the total finance of c€140 million required for this PPP project.
Today’s announcement enables the health sector to expand the delivery of community based healthcare significantly within two years and in doing so speed up the delivery of quality healthcare to urban and rural communities.
Minister Donohoe said: ‘I am very pleased that another important milestone in the Government’s programme of Public Private Partnership projects has been reached today, with the financial close of this first PPP in the Health sector. This project will deliver 14 new primary care centres at locations spread across the country, supplementing those additional centres already being provided directly by the HSE with Exchequer resources. The success achieved in concluding the contract for this PPP will also pave the way for further PPPs in the Health sector in the future. Provision has already been made for a project with a value of c€150 million in the third phase of the PPP programme announced last year in the Capital Plan and I look forward to progressing that project with the Minister for Health in the years ahead’.
Location of the new primary care centres:-
1 Ballymote, Co Sligo
2 Boyle, Co Roscommon
3 Claremorris, Co Mayo
4 Westport, Co Mayo
5 Ballinrobe, Co Mayo
6 Tuam, Co Galway
7 Limerick City, Co Limerick
8 Carrick-on-Suir, Co Tipperary
9 Dungarvan, Co Waterford
10 Waterford City, Co Waterford
11 Wexford Town, Co Wexford
12 Kilcock, Co Kilkenny
13 Summerhill Dublin North Inner City
14 Coolock/Darndale, Dublin North City