Sisk to build seven care homes in a PPP first for ageing Ireland
With Ireland’s population ageing faster than anywhere else in Europe, construction company Sisk has won a contract to build seven care homes for the elderly with a combined 530 beds in a first-of-its-kind public-private-partnership (PPP) in the country.
Work starts immediately.
Catering for long and short stays, the homes will go up on sites owned by Ireland’s Health Service Executive (HSE) close to existing healthcare premises. They will replace outdated facilities.
Their superstructures will be manufactured off-site using pre-cast concrete, Sisk said, adding they would score at least an “A2” in the country’s Building Energy Rating (BER) system.
A joint venture called “Equisisk” comprising investor Equitix and John Sisk & Sons will maintain the care homes for 25 years before handing them to the HSE.
Finance is provided by the European Investment Bank (EIB), Bank of Ireland and Nord/LB.
The EIB, which is lending €100m to the scheme, called it “the first ever PPP financing for community nursing”.
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