Government confirms commitment to DIT Grangegorman project

Dublin, 10 November 2011:   Following the government announcement at lunchtime today regarding expenditure on capital projects in the forthcoming budget, Dublin Institute of Technology (DIT)  has welcomed the confirmation by Minister Howlin that Grangegorman remains a priority project for the government.   Professor Brian Norton, President of DIT,  said “There is no doubt that we are disappointed by the reduction in exchequer support in the short term.  However, we welcome Minister Howlin’s support for the project overall, and the fact that he has confirmed that PPP projects will continue to be supported.  A key element of the funding and delivery strategy for the Grangegorman Development is that it has been designed around a range of flexible building packages to match available funding.  Exchequer funding is one important element but other essential funding for the project arises from leveraging savings on the rent-roll for existing properties, sale of DIT-owned properties, PPP bundles and privately funded elements through philanthropy.”

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The President and the Campus Planning team in DIT will be working closely with the Grangegorman Development Agency and with colleagues in  the Department of Education and Skills, the HEA and with the NDFA to tease out the  best way to re-engineer the sequencing of this vital development until capital budgets are reinstated.  The current Grangegorman strategy envisages  two major PPP packages on the campus and these would not require any major capital funding until 2016 and thereafter would be paid over a 25 - 30year timeframe.  Work will continue advancing these elements.

Professor Norton said he wanted to reaffirm DIT’s commitment to the project.  “The overall Grangegorman project is a very significant means to an end for DIT which is one of the largest institutions in the country, representing some 10% of all students in higher education in Ireland, but it will also be highly significant for the city as a whole.  It will be the first education and health campus to be developed in this country; it will serve the wider interests of the community in the north-west inner city; it will be a hub for enterprise and research; and it will be a significant urban development that is strongly supported by Dublin City Council and the business community.”   He said he was very pleased that the Grangegorman Development Agency is mandated to continue in its remit of delivering the campus development on behalf of DIT and HSE.  Commenting on transport measures confirmed in today’s announcement,  he said “We are also very pleased that the Luas link-up and extension to Broombridge will proceed as this will facilitate access for students to the campus from all directions.”

For further information on the project please visit http://www.dit.ie/about/grangegorman/ and the Grangegorman Development Agency website at www.ggda.ie

For further information please contact:

Melda Slattery, Public Affairs , Dublin Institute of Technology – 02 402 7138 / 087 230 9221 or email melda.slattery@dit.ie¿

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