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Tue 12 Dec 2008Council to pay €95m for flats rebuild
DUBLIN CITY Council is to spend €95 million to regenerate three major inner city flat complexes which were to have been rebuilt by developer Bernard McNamara under the Public Private Partnership (PPP) scheme.
City councillors were last night told the PPP process was "no longer viable" for the regeneration of the dilapidated social housing complexes because of the economic downturn and the council would have to use its own resources to house the residents.
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