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). Within the framework of
a complex PPP financing structure, the banks are together providing
borrowed funds of around EUR 815 million for the major project. KfW
IPEX-Bank is making some EUR 124 million available. The total
investment volume is valued at around EUR 830 million.

"We are very pleased to be a part of this crucial infrastructure
project," commented Andreas Ufer, member of the Management Board of
KfW IPEX-Bank. "In the Netherlands and other European countries, PPP
is a proven and successful procurement option - thanks to the
cooperation between public and private project stakeholders, measures
of this kind can be implemented in an economically sustainable way."

By agreeing to provide the necessary funds, the bank consortium
consisting of the European Investment Bank, KfW IPEX-Bank, DekaBank
Deutsche Girozentrale, Landesbank Baden-Württemberg, Belfius Bank
NV/SA and Coöperatieve Rabobank U.A. support the project sponsors:
The Levvel consortium shareholders and equity providers are BAM PPP
(46%), Van Oord (46%) and Rebel (8%), together with joint venture
partners Aberdeen Standard Investments, APG Group, PGGM and EPICo.
The design, construction and long term maintenance will be completed
by BAM Infra and Van Oord Nederland. Rebel is the consortium
financial advisor. Other consultants involved include legal advisers
De Brauw Blackstone Westbroek and BDO LLP as model auditor. Nauta
Dutilh (legal), Atkins (technical) and AON Global Risk Consulting
(insurance) advised the lenders.

Supporting PPP projects for the development and preservation of
social and business infrastructure in Germany and Europe is part of
KfW IPEX-Bank's core business. Over the past few years, the bank has
been involved in a number of PPP projects, both in Germany and other
European countries such as France, the United Kingdom and the
Netherlands.

Please find more information about the Afsluitdijk Project here:
http://ots.de/xNvKjM

Pressekontakt:
KfW IPEX-Bank GmbH, Palmengartenstraße 5-9, 60325 Frankfurt
Pressestelle: E-Mail: Antje.Schlagenhaufer@kfw.de
Tel. 069 7431-4009, Fax: 069 7431-9409,
E-Mail: info@kfw-ipex-bank.de,
Internet: www.kfw-ipex-bank.de

Original-Content von: KfW IPEX-Bank, übermittelt durch news aktuell