Mr Justice McCloskey also awarded Loreto Grammar its costs in bringing a challenge where it is estimated the final bill could be close to six figures.
However, his orders — which could clear the way for the school project to be financed — have been put on hold for 28 days to allow the Department time to consider an appeal.
COMMENT RULES: Comments that are judged to be defamatory, abusive or in bad taste are not acceptable and contributors who consistently fall below certain criteria will be permanently blacklisted. The moderator will not enter into debate with individual contributors and the moderator’s decision is final. It is Belfast Telegraph policy to close comments on court cases, tribunals and active legal investigations. We may also close comments on articles which are being targeted for abuse. Problems with commenting? email@example.com