The Torc Housing Partnership consortium comprising Senda Infraestructuras, a subsidiary of OHL, and its strategic partners Equitix, Kajima and Tuath, will design, finance, build and operate, on a public-private partnership (PPP) basis, 465 new sustainable social housing units in Ireland for an investment of over 130 million euros. This project, under the availability payment model (fixed payments by the grantor) is the second package of government investment in social housing in the region and covers the counties of Cork, Kildare, Clare, Galway, Waterford and Roscommon.
This is the first contract awarded to Senda Infraestructuras as a subsidiary of OHL in the area of promotion of concessions. The agreement covers the construction and maintenance of 110 apartments and 355 houses and incorporates the provision of management and maintenance services after construction for a period of 25 years.