Germany is seeking help from the European Investment Bank to finance its latest road PPP project, expansion and maintenance of part of the motorway A 10/A 24 close to Berlin.

The total financing sought from the bank amounts to €284 million.

The project is being procured by German Unity Motorway Planning and Construction Company (DEGES), the government-owned company that is managing the tender on behalf of the federal government. The contract notice has been published on the German government's procurement portal e-Vergabe.

The contract has a value estimated at €400 million (US$451 million).

The project more concretely includes the design (partly), construction (partly), financing, operation and maintenance of the A10/A24 motorway section between Neuruppin (A24) and the intersection Pankow (A10/A114) in the German State Brandenburg.

In particular, the project comprises the widening (2x3) of a 29.6km section of the A10 motorway as well as reconstruction of a 29.2km section of A24. The 30 year PPP-Contract will also include the operation and maintenance of the widened and reconstructed sections and will be remunerated on an availability basis.

The main economic benefits of the project will stem from reduced travel times and improved road safety, thanks to enhanced road capacity. Likewise vehicle operating costs for road users are expected to decrease.