BAM wins PPP road project (Availability Model A10/A24 Neuruppin to Pankow) in Germany
Bunnik, The Netherlands, 15 December 2017 – The consortium consisting of BAM-PGGM and HABAU has been appointed preferred bidder for the Availability Model A10/A24 AS Neuruppin to AD Pankow project in Germany by DEGES GmbH.
This publicly-owned project management company is representing the Federal Republic of Germany. The A10/A24 is the first of 11 projects of the so-called ‘new generation’ wave of infrastructure PPP projects that was launched by the Ministry of Transport in 2015. The project is located near the German capital, Berlin. Financial close is expected to be reached in February 2018.
The design, build, finance, maintain and operate contract comprises the widening of the A10 to six lanes for a length of 29.6 km of motorway and the complete reconstruction of the A24 with four lanes plus an extended hard shoulder for a length of 29.2 km. In addition to the motorway, the construction scope of works also includes several bridges (27 replacement constructions, 10 new constructions, and two demolitions), noise protection walls, traffic sign bridges, traffic management installation, interchanges, rest areas and secondary/agricultural roads.
The construction activities will be carried out by BAM’s German civil engineering company Wayss & Freytag Ingenieurbau in cooperation with HABAU.
The O&M services scope (including winter maintenance) covers the entire contract section with a total length of approximately 64.2 km of motorway, including 51 bridges (37 new constructions and 14 existing). The O&M works will be carried out by BAM PPP and HABAU.
The construction period is approximately five years, and the overall project period is 30 years.
The equity sponsors for the project are BAM PPP PGGM Infrastructure Coöperatie (70%) and HABAU (30%).
BAM PPP is responsible for Royal BAM Group’s involvement in public-private partnership (PPP) projects. BAM PPP operates in five key European markets (the Netherlands, Belgium, UK, Ireland, and Germany) and is exploring new markets in addition to broader project finance investment opportunities. BAM PPP’s sector expertise includes roads, rail, education, health, justice, marine and general accommodation. BAM PPP has reached financial close on 46 projects, with a total capital value of over €7.2 billion.
BAM PPP is an operating company of Royal BAM Group, a worldwide construction services company listed at Euronext Amsterdam.
Vicki Harris, Marketing & Communications Manager, +44 (0)141 779 8634
Royal BAM Group
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