A Multi-Storey car-park at Tallaght Regional Hospital is to be funded by the private sector. Developers Pat Ryan and David Colgan have started building the 500-space car-park at a cost of £4 million. When it is completed next May, it will be let to a consortium at a rent of £1 million per year. Under the terms of the deal, the developers will pay an annual fee of £400,000 to the hospital and hand over ownership of the car-park to the institution in the 12th year. In the meantime, the developers will be able to avail of 50 per cent capital allowances while the consortium will be able to claim double rent allowances. Carparking charges have been fixed at £1 per hour or a maximum of £5 in any one day.

The hospital will have 590 beds and a staff of 1,800 when it opens next June. Bill Nowlan advised the hospital while Adrian Trueick of Sherry FitzGerald acted for the developers.