|Project name:||GERMANY: Autobahn 7 Bordesholm Hamburg PPP|
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.
27 August 2014 - Germany’s A7 reaches close
|Sector:||Roads & streetlights|
|Region:||Northern & Western Europe|
|Current status:||Project Signed - 27/08/2014|
|Public Sector Procuror Details|
Federal state of Schleswig-Holstein
Federal states of Hamburg
|Public sector contact:||Department of PPPs
|Private Sector Details|
|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|
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