Financial close for Dutch government offices PPP

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Financial close for Dutch government offices PPP

InfraPPP has learned that the consortium formed by Strukton Integrale Projecten (80%) and Facilicom PPS Contracten (20%) has reached financial close for the Utrecht De Knoop government office and conference centre development in the Netherlands.

Debt has been provided by NordLB and Helaba Landesbank Hessen-Thüringen.

The project had been awarded on June 4 and signed on July 20. That means the the consortium has taken just a bit more than a month to reach FC in the crowded debt markets.

The building will be redeveloped into a 30,000 m² government office. It will include among others, 200 parking spaces for cars, 500 bicycle spaces and a a conference center with capacity to hold 1,000 visitors.

The office will serve as a multifunctional office building suitable for several government organisations. The Knoop will support working independently of location and time and offers facilities for meeting, networking and working together.

The project will be developed on a design, build, finance, operation and maintenance (DBFOM) basis. The contract will have a period of 20 years after the project begin operations.  

The contract has a net present value of more than €100 million (US$109.2 million).

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