A Dutch-Spanish consortium is the preferred bidder for the M11 Gorey to Enniscorthy Bypass.
Bam PPP PGGM and Iridium have been selected by the National Roads Authority to deliver the scheme in County Wexford.
The project involves the design, build, financing, maintenance and operations of a section of the M11 highway for 25 years. It includes the construction of about 40km of new roads including 27km of standard motorway.
The bypass is expected to cost €281m and is based on availability payments. In December a loan from the European Investment Bank was approved for the project, which is expected to reach financial close in the summer.
Three teams were shortlisted for the project in November 2013 including the BANBA consortium of Sacyr and Jons Civil Engineering, and a consortium led by Cintra and Meridiam.
Bam’s portfolio in the south-east of Ireland includes the N25 New Ross Bypass PPP also in County Wexford, the N25 Waterford Bypass, and the M11 Arklow to Rathnew PPP which is currently under construction.
The M11 Arklow to Rathnew PPP in County Wicklow was bundled with the recently completed Newlands Cross scheme in Dublin.