Atlandes refinances A63 road PPP project

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Atlandes refinances A63 road PPP project

Atlandes, the project company for the A63 motorway PPP project in France,  has refinanced the initial debt package put in place in January 2011.

Atlandes is owned by: Colas Sud-Ouest, Aximum, Spie batignolles, NGE Concessions, Egis Investment Partners France, HSBC European Motorway Investments and DIF Infrastructure II.

The initial funding package included €900 million (US$990 million) of senior debt and €200 million (US$220 million) of equity investment.

Atlandes has signed a new €860 million (US$945.9 million) financing agreement, for a period of 25 years, with Banca IMI, BBVA, BNP Paribas, CIC, Crédit Agricole, ING Bank and Société Générale.

Atlandes signed a 40 year concession agreement with the French State to design, build, operate and finance a 104 km motorway in South West France.

The A63 autoroute project consisted of the enlargement and upgrade of an existing 105km road linking the towns of Salles (Gironde) and St-Geours de Maremne from a two to a three-lane highway. The project also comprised the construction of two cross-lane toll barriers and parking facilities for 1,200 heavy goods vehicles (HGVs).

The A63 project is part of the trans-European network and will sustain trade flows between the Iberian Peninsula and northern Europe.

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