Rijksvastgoedbedrijf, the Dutch government buildings agency, and the Inbalans consortium have reached financial close for the Breda Courthouse PPP project in the Netherlands.
Project financing, which has been provided by BNG Bank, SMBC and MEAG, amounts to €110 million (US$122.2 million).
The new building will hold three organizations, the Breda Court, the Breda-Middelburg District Public Prosecutor and the 'Raad voor de Kinderbescherming' (child council), under one roof. The new Courthouse spreads over about 27,000 m² of gross floor area, excluding the parking facility and landscaping. It will be located near the Station Quarter, Breda's central train station.
The project will be developed on a design, build, finance, operation and maintenance (DBFOM) basis. The PPP contract will have a period of 30 years.
Construction works are set to begin next year and the new facilities are expected to be operational by 2018.
Breda is a city in the Dutch province of North Brabant. Breda had a population of 180,420 inhabitants in 2014; the metropolitan area had a population of 324,812 inhabitants.