The Irish Prison Service announced this evening it has broken off negotiations with the Léargas Consortium, the preferred bidder in the competition to design, build, maintain and finance a major prison facility at Thornton Hall in north county Dublin.
The Government paid some €30 million for agricultural land for the site, outside Swords in Co Dublin, as a location for the prison.
In a statement, the Irish Prison Service said the lengthy negotiations on the project came to a head recently. Léargas were formally requested to submit their final financial offer for the project. Their offer was deemed
“to be not affordable in light of the significant increase in the cost of finance”.