After numerous planning, budgetary and other delays, head of the department’s PPP unit David Gordon said the project remains on course to be finished by September 2007. He said contract talks are in the final stages, after recent European Commission approval.
“Things are at a very technical stage but, assuming everything goes to plan, I would expect we will be in a position to finalise contracts and ask the National Development Finance Agency (NDFA) to sign off on the deal within a couple of weeks,” he said.
After that, it will be up to the private partners Hochtief to prepare to begin work on the Union Quay site.
The building previously occupied by the music school, part of Cork Institute of Technology, has been vacant since classes were moved to a number of different facilities around the city in 2001.
“Once the contracts are signed, they must deliver the finished building and facilities within 22 months,” Mr Gordon said.