Project Information
Project name: GERMANY: Autobahn 7 Bordesholm Hamburg PPP
Project description:

Widening, operation and maintenance of the 65km A7 road, between Bordesholm and Hamburg.

The project is under an A-Model concession status by federal government.

Following the signing of the 30-year deal, the winning team will now oversee the development of a 65km highway, making up part of the German highway A7 north of Hamburg. It will also operate and maintain a 59km section of the road.  

Long-term debt will be provided by a bond issued by a club of European and US investors, consisting of Axa, Aegon, KFW, Mass Mutual, ING/Nationale Nederlanden and Sun Life.

The European Investment Bank will also provide its project bond credit enhancement facility. During construction Societe Generale and Credit Agricole will provide a milestone facility.  The European Investment Bank (EIB) is providing some EUR 170 million.

Related headlines:

27 August 2014 - Germany’s A7 reaches close
27/06/2014 - Winner for German highway
29/11/2013 - Shortlist of two for German highway
05/03/2013 - Four bidders for German A7 PPP
06/11/2012 - EU project bonds eye three deals
12/07/2012 - German A7 dialogue delayed
16/12/2011 - Germany to launch A7 tender
29/11/2011 - German A6 and A7 ready to bid-out

Type: PPP
Sector: Roads & streetlights
Region: Northern & Western Europe
Current status: Project Signed - 27/08/2014
Contract Terms
Duration: 30 years
Capital value: Ä600.00m
Public Sector Procuror Details
Authority/Commssioning body: Federal state of Schleswig-Holstein
Federal states of Hamburg
Public sector contact: Department of PPPs
Private Sector Details
Consortium name: Hochtief/DIF
Private sector shareholders: Hochtief - Shareholders
DIF - Shareholders
Kemna Bau Andreae - Shareholders
Private sector advisors: Societe Generale - Financial Advisors
White & Case - Legal Advisors (Lenders)
Freshfields Bruckhaus Deringer - Legal Advisors
Private sector debt-providers: Credit Agricole - Debt Providers
AXA Investment Managers - Debt Providers
ING Bank NV - Debt Providers
Sun Life Assurance Company of Canada - Debt Providers
European Investment Bank - Debt Providers
Private Sector Shortlist
Consortium name: Bilfinger

This page was last updated on:
25 November 2014.


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