NIEUWEGEIN, The Netherlands,
November 14, 2014 /PRNewswire/ --
IXAS Zuid-Oost B.V., a special purpose company (SPC) created by
Ballast Nedam, Fluor, Heijmans Capital (a joint venture between
Heijmans and 3i Infrastructure plc) and 3i Infrastructure plc, has
reached financial close for the A9 Gaasperdammerweg
public-private-partnership (PPP) project. The project includes the
design, build, management, maintenance and financing of the
existing and new infrastructure of the A9 motorway between Diemen
and Holendrecht in the
Netherlands.
With this milestone the required project financing is secured.
The financing comprises debt and equity. The short term debt of €
140 million and half of the long term debt of around € 410 million
has been made available to the project by BNG Bank, DZ BANK, ING,
KBC, SMBC and Société Générale. The European Investment Bank will
provide the other half of the long term debt. The equity investment
will be made by the four shareholders of IXAS Zuid-Oost B.V., with
an equal share.
The project consists of all the work to be performed in
connection with the reconstruction and expansion of the A9 motorway
between the junctions of Holendrecht and Diemen in the region of
Amsterdam, including the bridge
over the river Gaasp, the road surface on the A9 Gaasperdammerweg
and the construction of an approximately three kilometre overground
tunnel. The work will start after the summer of 2015 and the tunnel
will be available for traffic in 2020.
The project has a total nominal value of approximately € 700
million, including a 20-year management and maintenance period
after the new infrastructure becomes available. Ballast Nedam,
Fluor and Heijmans will participate in the construction and
operation phase with an equal share of one third each. The contract
with Rijkswaterstaat was signed in September
2014.
The A9 Gaasperdammerweg project is the third section of the
Schiphol-Amsterdam-Almere (SAA) road expansion. Additional lanes
will improve the flow of traffic and the accessibility of the
Northern Randstad area. The approximately 3 kilometre tunnel will
increase the quality of life in the area, ensuring cleaner air and
reduction of noise.
Ballast Nedam targets its strategic focus at successfully
acquiring and carrying out integrated projects in the working areas
of housing, mobility, energy and nature in the Netherlands and internationally. We will
expand related activities in niche markets and work on projects
where we can make a difference for the client with our expert
knowledge and skills. Ballast Nedam applies a differentiated market
approach for its three divisions.
With further industrialization of the building process through
the use of innovative modular concepts and standardization Ballast
Nedam creates enduring quality at the lowest possible life cycle
costs for its clients and society. The Ballast Nedam share is
included in the Amsterdam Small Cap Index (AScX) of NYSE Euronext.
http://www.ballast-nedam.com
Fluor Corporation Fluor Corporation (NYSE: FLR) is a
global engineering and construction firm that designs and builds
some of the world's most complex projects. The company creates and
delivers innovative solutions for its clients in engineering,
procurement, fabrication, construction, maintenance and project
management on a global basis. For more than a century, Fluor has
served clients in the energy, chemicals, government, industrial,
infrastructure, mining and power market sectors. Headquartered in
Irving, Texas, Fluor ranks 109 on
the FORTUNE 500 list. With more than 40,000 employees worldwide,
the company's revenue for 2013 was $27.4
billion. Visit Fluor at http://www.fluor.com and follow on
Twitter @FluorCorp.
Heijmans
Heijmans is a listed company that combines activities in the
fields of property development, residential building,
non-residential, roads and civil. Heijmans is active in
the Netherlands, Belgium and Germany. Our focus on integrated projects and
quality execution enables us to create added value for our clients.
Heijmans realises integrated projects for major clients such as
companies and public sector bodies, as well as homes for investors
and private home buyers. With more than 7,100 employees and more
than € 820 million in revenues in the first half of 2014, we are
building the spatial contours of tomorrow.
For more information, please visit http://www.heijmans.nl.
3i Infrastructure plc
3i Infrastructure plc is a Jersey-incorporated, closed-ended
investment company, listed on the London Stock Exchange and
regulated by the Jersey Financial Services Commission. The Company
is a long-term investor in infrastructure businesses and assets.
Its strategy is to maintain a balanced portfolio of investments in
order to deliver stable returns to its shareholders, through a mix
of income and capital appreciation. Its objective is to provide
shareholders with a total return of 10% per annum and, within that
overall objective, it targets an annual distribution yield of 5.5%.
The Company's market focus is on core economic infrastructure in
developed economies, principally in Europe, in the utilities and transportation
sectors, investing in operational businesses which generate
long-term yield and can provide capital growth. It also has
investments in social infrastructure and is building its exposure
to primary PPP and renewable energy projects. 3i Investments
plc, a wholly-owned subsidiary of 3i Group plc, is authorised and
regulated in the UK by the Financial Conduct Authority and acts as
Investment Adviser to 3i Infrastructure plc.