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THE company that built Gorey’s impressive new secondary school, Creagh College, has swept the boards at the international Partnership awards in London. BAM’s work on Creagh College and seven other Irish schools helped the company secure silver in the ‘Best Completed Project’ award.
The Partnership Awards are the most prestigious event in the global Public Private Partnership (PPP) industry’s calendar. BAM won four awards on the night, including one for the ‘Schools Bundle 3’ project on behalf of the Department of Education and Skills. Creagh College was one of the eight schools across the country completed by BAM and included as part of the winning submission.
BAM also won awards for Best Developer and Special Purpose Vehicle (SPV) Management Company of the Year.
In a PPP, BAM provides equity for important infrastructure and takes full responsibility for the project’s design, construction, operation, and maintenance for 25 years. The State retains ownership of the asset under the agreement and when the concession period expires, the asset reverts to full State ownership.
BAM was also recognised for its work on the M11 Gorey to Enniscorthy PPP and the Courts Bundle PPP. BAM reached financial close with the Transport Infrastructure Ireland for the €350 million M11 Gorey to Enniscorthy motorway project, which was shortlisted for the Best Road Project, at the end of 2015. The Courts Bundle, shortlisted for Best Social Infrastructure Project, will see BAM undertake the construction and refurbishment of seven courthouses across Ireland.