HICL Infrastructure Company Limited, the listed infrastructure investment company advised by InfraRed Capital Partners Limited, is pleased to announce that it has acquired a 60% shareholding in the Ireland Primary Care Centres Project, which reached financial close on 25 May 2016.
The total investment by the HICL Group is €11.6m, which includes a commitment to invest €9.5m in 2018. The total construction cost for the Project is approximately €145m, and construction is scheduled to take 27 months.
The Project is a 26 year concession for the design, construction, financing and maintenance of 14 primary care centres across Ireland. New facilities will be built in Dublin, as well as at locations in Galway, Kildare, Limerick, Mayo, Roscommon, Sligo, Waterford, Tipperary and Wexford.
The construction works will be undertaken by Balfour Beatty Ireland and JJ Rhatigan & Company. Ongoing maintenance will be performed by Aramark Ireland.