All Stories
Follow
Subscribe to KfW IPEX-Bank

KfW IPEX-Bank

KfW IPEX-Bank finances Blankenburg Tunnel PPP project in the Netherlands

Main (ots)

KfW IPEX-Bank is providing financing as part of a lending group for the Blankenburg Tunnel PPP project in the Netherlands. In providing approx. EUR 75 million towards the project, which has a total financing need of EUR 900 million, KfW IPEX-Bank is focusing on one of its core businesses, namely the expansion and maintenance of the social and economic infrastructure in Germany and Europe. The European Investment Bank (EIB) is also participating in the transaction.

The project encompasses the construction of 4 km of the A24 motorway including a roughly 1-km-long immersed tunnel and an approx. 0.5-km-long land tunnel. The new section will connect the A15 and A20 motorways, thus enabling easier access to the wider Rotterdam region. In past years KfW IPEX-Bank has been involved in financing numerous European PPP projects; in this way, the bank contributes to infrastructure expansion in the common European interest. Most recently it successfully supported the Dutch projects Afsluitdijk (a dam project) and the A16 motorway.

"For us the Blankenburg Tunnel is another success story when it comes to public procurement that involves the private sector (PPP)," said Andreas Ufer, member of the Management Board of KfW IPEX-Bank and responsible for the transport sector. "Public-private partnerships have already proven their effectiveness in the Netherlands and Europe and offer great potential: Cooperation with highly qualified and experienced companies coupled with the provision of private capital makes it possible for public infrastructure projects to be carried out quickly, efficiently and economically."

The PPP project between the Dutch waterways authority Rijkswaterstaat and the Sponsors not only provides for the tunnel to be built and financed, it also includes its maintenance for 20 years. The Sponsors group comprises Ballast Nedam, DEME and Macquarie. Construction will be realized by a consortium consisting of Ballast Nedam Infra BV, DIMCO and Dredging International, the latter both part of the DEME Group.

Contact:

KfW IPEX-Bank GmbH, Palmengartenstraße 5-9, 60325 Frankfurt
Pressestelle: E-Mail: axel.breitbach@kfw.de
Tel. 069 7431-2961, Fax: 069 7431-9409, E-Mail:
info@kfw-ipex-bank.de,
Internet: www.kfw-ipex-bank.de

Original content of: KfW IPEX-Bank, transmitted by news aktuell

More stories: KfW IPEX-Bank
More stories: KfW IPEX-Bank
  • 09.10.2018 – 12:34

    KfW IPEX-Bank finances dairy plant in Ireland for Norway's TINE SA

    Frankfurt am Main (ots) - KfW IPEX-Bank is financing the construction of a new plant in Ireland for the Norwegian dairy cooperative TINE SA. The new production plant is to be built in cooperation with the Irish company Dairygold in Mogeely, County Cork in the south of Ireland. At the plant Irish milk will be used to make the traditional Norwegian Jarlsberg cheese. KfW IPEX-Bank is putting EUR 50 million in financing ...

  • 06.07.2018 – 10:40

    KfW IPEX-Bank finances cruise ship for Carnival Corporation & plc

    Frankfurt am Main (ots) - - KfW IPEX-Bank is providing approximately EUR 786 million to Carnival Corporation & plc - Construction of new LNG-powered cruise ship - To be built at Meyer Werft shipyard in Papenburg, Germany Financing for the world's largest leisure travel company, Carnival Corporation & plc: KfW IPEX-Bank is providing approximately EUR 786 million for the construction of a new cruise ship. KfW IPEX-Bank is ...

  • 30.05.2018 – 14:54

    KfW IPEX-Bank participates in PPP financing for Afsluitdijk Project in the Netherlands

    Frankfurt am Main (ots) - - PPP financing makes major European project possible - Total investment volume: approx. EUR 830 million / share provided by KfW IPEX-Bank: approx. EUR 124 million KfW IPEX-Bank is financing the reinforcement of the Afsluitdijk Project in the Netherlands in cooperation with four other commercial banks and the European Investment Bank (EIB). ...