Thursday 29 September 2016

Agency planning for 1,500 social housing build

Published 20/11/2015 | 02:30

Projects include 1,500 social housing units, courthouses and community nursing units
Projects include 1,500 social housing units, courthouses and community nursing units

The State's National Development Finance Agency has begun the process of sourcing financial backing and advice for infrastructure projects worth almost €1bn, including housing.

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The NDFA, which is part of the National Treasury Management Agency (NTMA), has set out its plans to procure and provide financial advice on major Irish infrastructure projects.

Projects include 1,500 social housing units, courthouses and community nursing units.

The housing will be based around the Dublin area, as well as Louth, Kildare and Wicklow.

NDFA director Brian Murphy said Ireland was now firmly back on the radar of major international investors.

"This is good news for Irish taxpayers as it will make it easier to deliver projects that will bring real benefits to Ireland and to fund these projects on very attractive terms," he said.

The NDFA will begin the formal procurement of social housing units in the course of next year.

The agency has also been actively promoting the Irish public-private partnership market to attract interest from investors at home and abroad.

Irish Independent

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