The sponsors of the EUR1 billion (US$1.15 billion) Blankenburg Connection PPP project have announced that the project has reached financial close. The project involves the design, construction, financing and maintenance of new road links between Rotterdam and its port, and is the largest PPP project awarded in the Netherlands to date.
Infrastructure/PPP news in Netherlands
The Government of Netherlands has initiated the tender process for the design, construction, financing, operation and maintenance of 12 km of road in the province of Gelderland, connecting the A15 to the A12, which will link the port of Rotterdam to Germany.
The De Groene Boog (Green Bow) consortium, comprised of Besix, Dura Vermeer, Van Oord, John Laing, Rebel and TBI (Mobilis, CroonWolter&Dros), has successfully concluded the financing agreement for the A16 Rotterdam PPP project. The total project costs amount to approximately EUR870 million (US$1.03 billion).
BAM PPP has announced that the Afsluitdijk causeway PPP project in the Netherlands has reached financial close. The contract value of the project is EUR550 million (US$638.4 million).
DIF has announced the final close of its DIF Infrastructure V (DIF V) fund at the hard-cap of EUR1.9 billion (US$2.24 billion).
NN Investment Partners (NN IP) and FMO Investment Management have announced the first close of their NN-FMO Emerging Markets Loans Fund. The capital commitments total US$250 million, 25% higher than the managers' minimum target, and were provided by four key investors from Sweden and the Netherlands.
3i Infrastructure plc has announced that it will invest EUR201 million (US$246.36) to acquire a 50% stake in Attero, one of the largest waste treatment and disposal companies in the Netherlands.
Rijkswaterstaat, part of the Ministry of Infrastructure and the Environment of the Government of the Netherlands, has announced that six parties have been prequalified to participate in the tender for the A9 Badhoevedorp - Holendrecht project. This includes the widening of the A9 Amstelveen and the rehabilitation of the Schiphol Bridge, in the North Holland province.
Bouwfonds Investment Management, subsidiary of Rabo Real Estate Group, has announced the completion of the disposal of a large part of its portfolio. As a result of this successful divestment, Bouwfonds IM’s portfolio has been cut back from over EUR6.3 billion (US$7.8 billion) in 2015 to EUR2.1 billion (US$2.6 billion) now.
Rijkswaterstaat, the government agency responsible for the design, construction, management and maintenance of the Netherlands’ main physical infrastructure, has announced that it intends to award the A16 motorway project to De Groene Boog consortium. This involves the construction and operation of a new motorway in the Rotterdam region, in the west of the country.
Rijkswaterstaat (part of the Dutch Ministry of Infrastructure and the Environment and responsible for the design, construction, management and maintenance of the main infrastructure facilities in the Netherlands) has announced its intention to award the project concerning the Afsluitdijk causeway to a joint venture of BAM PPP PGGM Infrastructure Coöperatie U.A., Van Oord Aberdeen Infrastructure Partners B.V. and RebelValley B.V.
BAAK Blankenburg-Verbinding, a consortium consisting of Ballast Nedam, DEME and Macquarie Capital, has signed the contract for the A24 Blankenburg Tunnel (Blankenburgverbinding) with the Directorate-General for Public Works and Water Management (Rijkswaterstaat) of the Netherlands. Financial close is expected to take place in 2018.
DIF announces the final close of DIF Core Infrastructure Fund I at the hard cap of € 450 million (US$ 527,83 million). Fundraising for DIF CIF I was officially launched in September 2016, with first close occurring in January 2017, and final close in November 2017. DIF CIF I experienced strong backing from both existing and new investors to the DIF platform.
Cellnex Telecom has closed the acquisition of Dutch telecoms infrastructure operator Alticom from Infracapital.
Rijkswaterstaat (The Directorate-General for Public Works and Water Management of the Netherlands) has the intention to award the A24 Blankenburg Tunnel PPP to BAAK Blankenburg-Verbinding, a consortium consisting of Ballast Nedam, DEME en Macquarie.
Climate Fund Managers (CFM) has announced the first close of Climate Investor One (CIO), at US$412 million.
KKR has announced that 100% of the shareholders of Q-Park have accepted its offer for all shares in Q-Park.
BAM PPP and PGGM have announced that the refinancing of the N33 motorway project in the Netherlands has reached financial close.
UK-listed waste company Shanks has completed its €497 million (US$528 million) takeover of Van Gansewinkel Group (VGG) of the Netherlands, renaming the new combined entity Renewi.
Rubicon Infrastructure Advisors has announced that the A12 motorway project in the Netherlands has reached financial close.