HOCHTIEF Concessions Enters North American PPP Market

ESSEN, Germany, April 23, 2010 /PRNewswire/ -- HOCHTIEF Concessions has won its first contract for a public-private partnership (PPP) project in North America. Via subsidiary HOCHTIEF PPP Solutions North America, the company was commissioned to design, finance, build and subsequently maintain ten schools in Canada's Alberta province. HOCHTIEF PPP Solutions has a 50 percent share in the project company Build to Learn. The project with a term of 30 years has a contract volume of CAD 328.5 million. The investment volume adds up to approximately CAD 82 million.

"With the ten schools in Alberta, we managed to enter the North American PPP market", underlines Dr. Herbert Lutkestratkotter, Chairman of the Executive Board of HOCHTIEF Aktiengesellschaft. The PPP markets in Canada and the USA, Lutkestratkotter says, are on an upward trend and offer HOCHTIEF excellent growth opportunities in the Social Infrastructure and Roads segments. HOCHTIEF is market leader in general building in the USA via its subsidiary Turner and, with Group company Flatiron, ranks among the most important players in the field of transportation infrastructure construction. Flatiron already is engaged in PPP projects in Canada as subcontractor. The three companies will work the growth market in close liaison and seize the available opportunities.

Construction works for the ten new schools will take 27 months. Five of the locations are in Calgary, three in Edmonton. One school each will be built in Okotoks and Langdon. In future, some 8,000 students are to receive teaching at the ten educational facilities.

Taking in its first contract in North America, HOCHTIEF Concessions currently is responsible for 102 schools for a total of more than 70,000 students in Germany, the UK, Ireland and Canada, Worldwide, the company's portfolio today includes six airport holdings as well as 27 projects in the Social Infrastructure and Roads segments.

HOCHTIEF is one of the leading international providers of construction-related services. With more than 66,000 employees and a sales volume of EUR 18.17 billion in FY 2009, the company is represented in all the world's major markets. The Group's service offering in the fields of development, construction, services, concessions and operation covers the entire life cycle of infrastructure projects, real estate and facilities. In the USA, the biggest construction market in the world, HOCHTIEF is the No. 1 general builder via its subsidiary Turner and, with Group company Flatiron, ranks among the most important players in the field of transportation infrastructure construction. With its subsidiary Leighton (HOCHTIEF share around 55 percent), the Group is market leader in Australia. Because of its engagement for sustainability, HOCHTIEF has been listed in the Dow Jones Sustainability Indexes since 2006. Further information is available at http://www.hochtief.com/press.

HOCHTIEF Concessions is responsible within the HOCHTIEF Group for the development and implementation of concessions and operator projects and is one of the world's most important industrial infrastructure investors. HOCHTIEF Concessions business areas include airports, roads, social infrastructure and further public-private partnership (PPP) projects. In the airports segment, the company participates in airport privatizations, takes over concessions and offers consultancy services. In the roads and social infrastructure segments, it handles planning, financing, construction and operation of public-sector infrastructure projects. HOCHTIEF Concessions currently has stakes in six airports. Its portfolio also comprises seven roads with a combined total length of more than 750 kilometers, and more than 100 social infrastructure buildings. Further information is available at http://www.hochtief-concessions.com.

    Contact:

    Andreas Steiner
    Spokesman
    HOCHTIEF Concessions AG
    Alfredstrasse 236
    45133 Essen, Germany
    [email protected]

    HOCHTIEF Concessions AG, Sitz der Gesellschaft: Essen, Registergericht:
    Essen HRB 21764, Ust-IdNr. DE 260592955

    Vorsitzender des Aufsichtsrates: Dr.-Ing. Herbert Lutkestratkotter;
    Vorstand: Dr. rer. pol. Peter Noe (Vorsitzender), Bernward Kulle,
    Reiner Schrankler, Michael Tonnesmann

SOURCE HOCHTIEF Concessions AG

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED