BAM wins PPP road project (Availability Model A10 / A24 Neuruppin to Pankow) in Germany

15 December 2017 13:48 - Invesis bv

Bunnik, the Netherlands, 15 December 2017 – The consortium consisting of BAM-PGGM and HABAU, has been appointed preferred bidder for the project Availability Model A10 / A24 AS Neuruppin to AD Pankow in Germany by DEGES GmbH. This publicly owned project management company is representing the Federal Republic of Germany. The A10 / A24 is the first of 11 projects of the so called ‘new generation’ wave of infrastructure PPP projects that was launched by the Ministry of Transport in 2015. The project is located near the German capital Berlin. Financial close is expected to be reached in February 2018.

The design, build, finance, maintain and operate contract comprises the widening of the A10 to six lanes for a length of 29.6 km of motorway and the complete reconstruction of the A24 with four lanes plus an extended hard shoulder for a length of 29.2 km. In addition to the motorway the construction scope of works also includes several bridges (27 replacement constructions, 10 new constructions, 2 demolitions), noise protection walls, traffic sign bridges, traffic management installation, interchanges, rest areas and secondary/agricultural roads.

The construction activities will be carried out by BAM’s German civil engineering company Wayss & Freytag Ingenieurbau in cooperation with HABAU.

The O&M services scope (including winter maintenance) covers the entire contract section with a total length of approximately 64.2 km of motorway, including 51 bridges (37 new constructions and 14 existing). The O&M works will be carried out by BAM PPP and HABAU.

The construction period is approximately five years, the overall project period is 30 years.

The equity sponsors for the project are BAM PPP PGGM Infrastructure Coöperatie (70%) and HABAU (30%).

BAM PPP is responsible for Royal BAM Group’s involvement in public private partnership (PPP) projects. BAM PPP operates in five key European markets, the Netherlands, Belgium, UK, Ireland, Germany and is exploring new markets in addition to broader project finance investment opportunities. BAM PPP’s sector expertise includes roads, rail, education, health, justice, marine and general accommodation. BAM PPP has reached financial close on 46 projects, with a total capital value of over €7.2 billion.

BAM PPP is an operating company of Royal BAM Group, a worldwide construction services company listed at Euronext Amsterdam.

PGGM is a cooperative Dutch pension fund service provider. Institutional clients are offered: asset management, pension fund management, policy advice and management support. On June 30, 2017 PGGM had EUR 206 billion in assets under management. The PGGM cooperative has approximately 725,000 members and is helping them to realize a valuable future. Either alone or together with strategic partners, PGGM develops innovative future solutions by linking together pension, care, housing and work.