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

Frankfurt am 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 von: KfW IPEX-Bank, übermittelt durch news aktuell