BAM and Iridium get the green light Ross link road in Ireland

The BAM PPP PGGM and Iridium consortium has been named preferred bidder for the N25 New Ross Bypass project in the Irish Republic. The US$270 million (€217 million) contract - Design, Build, Finance, Maintain and Operate - involves 13.6 km of dual carriageway on the N25 and N30 routes and 1.2 km of the carriageway New Ross N30 route. Construction is expected to support around 300 jobs across Ireland and will be undertaken by a joint venture of BAM Civil and civil engineering firm Dragados. The road will
December 15, 2014 Read time: 2 mins
The BAM PPP PGGM and Iridium consortium has been named preferred bidder for the N25 New Ross Bypass project in the Irish Republic.

The US$270 million (€217 million) contract - Design, Build, Finance, Maintain and Operate - involves 13.6 km of dual carriageway on the N25 and N30 routes and 1.2 km of the carriageway New Ross N30 route.

Construction is expected to support around 300 jobs across Ireland and will be undertaken by a joint venture of BAM Civil and civil engineering firm 4761 Dragados.

The road will bypass New Ross on the N25 route and link the N25 with the N30 New Ross to Enniscorthy road. It will improve access from the cities of Cork and Waterford to the port of Rosslare and remove a major bottleneck on the N25.

Ireland’s 5525 National Roads Authority has indicated its intention to use the 1054 European Investment Bank’s Project Bond Credit Enhancement provision to finance the scheme.

BAM PPP is responsible for Royal BAM Group’s involvement in the PPP projects for road, rail, education, healthcare, judicial and general accommodation sectors. PGGM is a cooperative Dutch pension fund service provider with nearly $222 billion (€178 billion) in managed assets. Iridium is a Spanish infrastructure contractor based in Madrid.
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