€230m N25 new ross bypass PPP scheme announced
A consortium led by BAM has reached financial close with the National Roads Authority (NRA) for the €230 million N25 New Ross Bypass PPP project. All project and financing agreements have now been signed and the project implementation work can get underway immediately.
The construction of the N25 is included in the Government’s Capital Plan 2016-2022 and will be developed over three years. The project is scheduled for completion in 2019 and will support up to 2,100 jobs locally and across the country, and will see construction activity commence in March of this year.
The PPP project involves the design, construction, financing, operation, and maintenance of approximately 13.6km of new dual carriageway and various junctions and road bridges, including the 887m crossing of the River Barrow, which will extend from Pink Point in Co. Kilkenny to Stokestown in Co. Wexford. When it is completed this three tower extradosed bridge will be the longest of its kind in the world.
Speaking at the announcement of the project last week, Minister Donohoe explained :
“The N25 New Ross Bypass has been eagerly awaited and will be warmly welcomed by all in the south east. (…) The N25 PPP scheme will bring important economic benefits to the south east and improve regional and international connectivity. It will also reduce traffic congestion and provide economic benefits regionally and locally by increasing the attractiveness of bypassed communities as places to shop, to visit, to work and to live.”
