Contractor BAM has reached financial close with the National Roads Authority (NRA) for the €230 million N25 New Ross Bypass PPP project.

All project and financing agreements have now been signed and the project implementation work can get underway.

The project will support up to 2,100 jobs locally and across the country.

The PPP project involves the design, construction, financing, operation, and maintenance of approximately 13.6km of new dual carriageway and various junctions and road bridges, including the 887m crossing of the River Barrow, which will extend from Pink Point in Co Kilkenny to Stokestown in Co Wexford. When it is completed, this three tower extradosed bridge will be the longest of its kind in the world.

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The PPP project will comprise a valuable strategic component of the national primary route network. The N25 New Ross Bypass will provide a high quality safe link within the South East region and ease congestion by providing a bypass of New Ross town on the N25 and N30 where significant delays currently occur.

The project will be undertaken by a BAM and Dragados joint venture. The new road will be operational in January 2019, which will be followed by a 25-year concession period for the consortium.

(CD/JP)