The Housing Infrastructure Services Company, (HISCo), provides a ‘design-build-finance’ service for housing estate infrastructure, on fully commercial terms, to developers and landowners. Such services include roads, footpaths, cycle lanes, water, and wastewater facilities, (mains and connections), amenity areas, utilities, public lighting, etc.
The joint shareholders of HISCo are the National Treasury Management Agency, (as controller and manager of the Ireland Strategic Investment Fund), and Cork County Council.
In addition to on-site infrastructure, we also provide solutions to associated off-site infrastructure deficits e.g., Wastewater Treatment Plants, Roundabouts, Bridges, Link Roads, etc. For example, HISCo was engaged by two developers in Drogheda to construct Phase One of the Port Access Northern Cross Route which has begun to service up to 5,000 homes in the area. We have also delivered the enabling Infrastructure that will ensure the delivery of 753 homes across six sustainable neighbourhoods on the North Side of Cork City.
HISCo’s main objective is to increase the number of units, and the mixture of tenures, available to those trying to secure a home in Ireland. The unique element of our business is that HISCo will recover its investment in the infrastructure via an infrastructure fee deducted from the proceeds of the sale, or first letting, of each housing unit.
