Ballast Nedam: Rijkswaterstaat has Named A-Lanes A15 Preferred Bidder for PPP Project

NIEUWEGEIN, The Netherlands, September 14, 2010 /PRNewswire-FirstCall/ -- The Directorate-General for Public Works and Water Management of the Netherlands Rijkswaterstaat has named A-Lanes A15 - a joint venture between Ballast Nedam, John Laing, Strabag and Strukton - preferred bidder for the public-private partnership (PPP) project A15 Maasvlakte - Vaanplein (MaVa). A-Lanes A15 has submitted the most economical bid for the design, construction, financing and maintenance of the capacity expansion for motorway A15. The A15 is a major arterial road between the expanding port and industrial area of Rotterdam and the European hinterland. The contract has a term of 25 years and represents a total project value of approximately EUR 1.5 billion. This makes the A15 MaVa project the single largest infrastructure project that was ever awarded by The Dutch Directorate-General for Public Works and Water Management.

DBFM Agreement

The project has been subject to a European tender procedure and will be carried out as a DBFM Agreement (Design, Build, Finance and Maintain), meaning that A-Lanes A15 will not only be responsible for the complete design and construction of the A15 project, but also for the financing and the management and maintenance of all existing and new infrastructure, until 20 years after it has become available.

John Laing participates for 28% as shareholder in A-Lanes A15. Ballast Nedam, Strabag and Strukton participate for 24% each as shareholders in A-Lanes A15 and all three have a stake of one third in the design, build and maintain phases.

This project meshes with Ballast Nedam's strategy to address the entire horizontal value chain, from real estate to infrastructure projects. It is Ballast Nedam's ambition to become a leader in the market for public-private partnerships.

SOURCE Ballast Nedam NV

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