|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|
Most Read Stories
As the Great British public get excited about a disparate array of sports, what could the world of infrastructure learn from the biggest sporting jamboree of them all?
The Philippines PPP Centre’s executive director, Andre Palacios, tells Paul Jarvis he remains optimistic following the election of a new president