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HOCHTIEF Consortium Wins First PPP Project in the Netherlands - The Dutch government has awarded a contract to the
HOCHTIEF Consortium Wins First PPP Project in the Netherlands

 

PRZOOM - /newswire/ - Essen, Germany, 2012/12/17 - The Dutch government has awarded a contract to the "SAAone" consortium to build, upgrade and later operate an important section of the highway between Amsterdam and Almere - HOCHTIEF.de.

   
 
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• Construction, upgrading and operation of section of Amsterdam-Almere highway link (A1/A6);
• Contract awarded by the Dutch government;
• Total contract volume of over one billion euro.

The consortium will plan, finance and build a section of the A1 and a section of the connecting A6 on the basis of a public-private partnership (PPP) and will subsequently operate these sections for 25 years. HOCHTIEF Solutions has a 20 percent shareholding in the consortium through its subsidiaries, and a 35 percent stake in the construction joint venture. The project has a total volume of over one billion euros and is a further important contract in the area of transportation infrastructure.

"We are very pleased that HOCHTIEF has succeeded in entering the Dutch market with this project. In light of the many upcoming PPP projects in the Netherlands, winning this contract is an important step for us," said Bernd Romanski, Spokesman of the HOCHTIEF Solutions Executive Board.

This 20-kilometer stretch of road is part of one of the most important highway spur routes to the Dutch capital Amsterdam. The consortium around HOCHTIEF (hochtief.com) will now widen the A1/A6 sections (junction Muiderberg - Hollandse Brug) to 2 x 5 lines plus 2 reversible lanes, widen the A6 section (Hollandse Bridge - Exit Almere Havendreef) to 2 x 4 lanes plus 2 reversible lanes, and build two complex bridge structures, an aqueduct and a railway bridge.

HOCHTIEF‘s partners in this PPP infrastructure project are the Dutch construction companies Boskalis and VolkerWessels, and the institutional investor Dutch Infrastructure Fund. Financial close is expected to be reached in February 2013.

 
 
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Agency / Source: HOCHTIEF AG

 
 

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HOCHTIEF Consortium Wins First PPP Project in the Netherlands

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HOCHTIEF AG |
Contact: Bernd Reuther - HOCHTIEF.de 
+49 201 824-1449 bernd.reuther[.]hochtief.de
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any HOCHTIEF AG securities in any jurisdiction including any other companies listed or named in this release.

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