The N25 New Ross Bypass PPP project in Ireland successfully reached financial close on January 26, 2016.

The €160 million project will see the construction of approximately 14km of dual carriageway which will provide a bypass of New Ross town on the N25 and N30. The road will help ease congestion in the area where currently significant delays presently occur.

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

Funding for the project will be achieved through bond issuance by Allianz Global Investors, with credit enhancement provided by the European Investment Bank.

On behalf of the lenders and the winning consortium comprising BAM PPP and Iridium, Operis was pleased to undertake 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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