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Higher Education PPP Programme - Bundle 2 ("HEB2")

Awarded to Higher Education PPP Bundle 2 Limited, a company registered in Ireland

National Development Finance Agency(buyer)

Published
Published 29 July 2025
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Overview

The National Development Finance Agency awarded a contract valued at €935.1 million to Higher Education PPP Bundle 2 Limited on 26 June 2025 for the design, build, finance, operation and maintenance of five new buildings at Higher Education Institutions in Ireland. This public-private partnership programme forms part of Bundle 2 of the Higher Education PPP Programme.

Contracting authority

  • National Development Finance Agency

    Procuring entity

    Dublin, Ireland

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What this covers

  • Higher Education PPP Programme - Bundle 2 ("HEB2")

    The National Treasury Management Agency, describing itself as the National Development Finance Agency, acting as agent for and on behalf of the Minister for Further and Higher Education, Research, Innovation and Science has awarded a contract for the design, build, finance, operation and maintenance of new buildings at a number of Higher Education Institutions in Ireland. The contract was awarded on 26/06/2025 to Higher Education PPP Bundle 2 Limited, a company registered in Ireland. At the date of award, the estimated net present value of the overall contract was €595,492,374 (i.e. discounted to account for the impact of the time value of money) which corresponds to a nominal cost (i.e. the sum of cashflows including projected inflation) of €935,147,042, which includes a construction value of €378,904,535. All figures are exclusive of VAT.

    €935,147,042Won by Higher Education PPP Bundle 2 Limited, a company registered in Ireland

Key details

Country
Ireland
Status
Awarded
Category
Works
Estimated value
€935,147,042
Procedure
Selective
Published
29 July 2025
Classification (CPV)
Construction workBuilding construction workConstruction work for college buildingsConstruction work for university buildingsConstruction work for research buildingsEngineering works and construction worksBuilding installation workElectrical installation work of heating and other electrical building-equipment+26 more

Award outcome

Awarded value
€935,147,042
Award date
26 June 2025
Winner
  • Higher Education PPP Bundle 2 Limited, a company registered in Ireland

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Notice history

Every published notice in this contracting process, newest first.

  1. Contract Award Notice

    29 July 2025

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