The M11 Gorey – Enniscorthy PPP Project in Ireland reached financial close on October 14, 2015.

The €320 million design, build, finance, operate and maintenance project will see the greenfield construction of approximately 40km of new roads including 28km of standard motorway, 4km of dual carriage way, 8km of single carriageway and a 150m bridge over the River Slaney.

With the project expected to be operational in August 2019, sponsors BAM PPP and Iridium will maintain the project for 25 years as per the agreement with The National Roads Authority of Ireland, the procuring authority.

Funding for the project will be achieved through senior debt provided by Aviva Life, Nationale-Nederlanden Levensverzekering Maatschappij N.V, Babson Capital and the European Investment Bank.

On behalf of the lenders and the winning consortium, Operis was pleased to provide an audit of the financial model which included a full review of the model’s tax and accounting assumptions.

CONTACT US

Please get in touch with either of our regional offices.

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Erwan Fournis
Global Head of Financial Advisory

+44 207 562 0444

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Carmen Wade
Financial Advisory, Head of North America

+1 647 243 3840

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Jun Tao
Global Head of Model Audit & Financial Modelling

+44 207 562 0428

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Mark Southall
Associate Director - Model Audit & Financial Modelling

+1 647 846 7384

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Philip Allen
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Operis Europe

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+44 207 562 0400
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Operis North America

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+1 647 846 7382
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CONTACT US

Discuss your requirements with us

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Erwan Fournis
Global Head of Financial Advisory

+44 207 562 0444

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Chris Aldred
Director

+44 207 562 0433

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