DIF Infrastructure III reaches closing on a French Fire Station PPP Project
On November 28th 2013 DIF has reached commercial and financial closed for a Fire Station PPP project in partnership with Vinci Construction France.
The project consists of the design, build, financing, operation, and maintenance of 12 fire stations spread over the Loiret department in the centre of France.
The project agreement has a term of 22 years and project completion is expected in September 2017.
The consortium for the project consists of:
- DIF Infrastructure III (51%)
- Vinci Construction France (49%)
The long term debt financing is arranged by NORD/LB.
After the closing of the Toulouse Mirail University Project earlier this year, and of the Belfort and Angoulême Hospital Projects in 2012, this is the fourth successful PPP transaction closed by DIF in France with Vinci Construction.
DIF Infrastructure III together Génie Civil et Construction (GCC) was also awarded a public private partnership contract for the expansion of the University of Medicine 'Lyon Sud' in August 2013.
