DG Infra+ acquires an interest in Dutch PPP project A15 Maasvlakte-Vaanplein
20 December 2012
DG Infra, the manager of infrastructure funds sponsored by Gimv and Belfius, announces today the acquisition of 80% of Ballast Nedam's 24% equity interest in the PPP project A15 Maasvlakte-Vaanplein (A-Lanes A15).
The PPP project A15 Maasvlakte-Vaanplein aims at improving traffic flows and optimising safety. A total of 85 km of traffic lanes is to be added and a new, wider and higher Botlek bridge is to be built. A consortium - comprising Ballast Nedam, John Laing, Strabag and Strukton − is carrying out the works on behalf of the Dutch Directorate-General for Public Works and Water Management. The A15 Maasvlakte-Vaanplein project was tendered via a DBFM contract (Design, Build, Finance & Maintain) and is one of the largest contracts the Directorate-General for Public Works and Water Management has ever awarded in one time.
Ballast Nedam remains operationally involved during the construction and operational phase of this project. The client has given his approval for the acquisition.
This transaction reflects the existing cooperation with Ballast Nedam, following a similar transaction in September 2011 involving three operational PPP projects realized by Ballast Nedam. These projects included a participation in the Kromhout Barracks in Utrecht, which houses the headquarters of the Royal Netherlands Army, and the DUO2 project, the new office building for the Dutch Government Educadion Agency and the Dutch Tax Authority in Groningen.
The DG Infra funds today manage investments in large-scale PPP projects in the Netherlands, Belgium and France.