Work should continue on schools hit by liquidation

Works should continue as usual on five schools being built for the Department of Education by a consortium led by one of the UK’s biggest building firms which is in liquidation.

The assurance was offered by the National Development Finance Agency (NDFA) in response to the collapse of Carillion Group which owes over €1bn to debtors and has over 20,000 employees.

The Department of Education is expected to pay out €268.5m over the next 25 years for the construction and maintenance of five schools being built by a consortium in which Carillion is a partner. Contracts for the Public-Private Partnership (PPP) deal were signed with Inspired Spaces Consortium, a 50-50 joint venture between Carillion and Dutch Infrastructure Fund, in July 2016.