|Project name:||GERMANY: University Hospital Schleswig-Holstein PPP|
BAM PPP PGGM Infrastructure Coöperatie and its consortium partners VAMED and DIF have reached financial close on the University Hospital Schleswig-Holstein (UKSH) public-private partnership project in Germany.
BAM (50%) and VAMED (50%) are responsible for the planning, new construction and renovation of one of Europe’s largest centres for medical care at its locations in Kiel and Luebeck in Germany.
The total costs for construction and renovation amount to €520 million. 75% of the project finance debt will be provided by UKSH as milestone payments, the consortium partners and commercial funders will provide the remaining 25% of the debt as equity and long term funding.
€350 million term loan will be provided by EIB, DZ Bank, KfW, LBBW, SEB and SMBC.
Construction will commence early 2015 and reach completion in 2021. The operational phase will include hard facilities management and technical management services and will run until 2044.
The consortium consisting of Dutch developer BAM PPP and Austrian healthcare developer VAMED was named preferred bidder in July 2014 for the 52m project, beating a Hochtief-Vinci team.
The 25-year concession involves the rehabilitation and extension of the 49 clinics and about 2400 beds on two sites of the University Hospital Schleswig-Holstein in Kiel and Lubeck.
30 September 2014 - German hospital signs
18 September 2014 - FC for German hospital PPP imminent
|Region:||Northern & Western Europe|
|Current status:||Project Signed - 30/09/2014|
|Public Sector Procuror Details|
|Authority/Commssioning body:||Universitätsklinikum Schleswig-Holstein|
|Public sector contact:||Bünyamin Saatci
Tel: +49 (0)451500-2617
|Public sector advisors:||White & Case - Legal Advisors
|Private Sector Details|
|Consortium name:||Bam PPP/VAMED|
|Private sector shareholders:||BAM PPP - Shareholders
PGGM - Shareholders
DIF - Shareholders
Vamed - Shareholders
|Private sector advisors:||PwC - Financial Advisors
Operis - Other Advisor
|Private sector debt-providers:||Sumitomo Mitsui Banking Corporation - Shareholders
KFW - Debt Providers
European Investment Bank - Debt Providers
DZ Bank - Debt Providers
SEB - Debt Providers
LBBW - Debt Providers
|Private Sector Shortlist|
|Private sector shareholders:||Vinci Concessions - Shareholders
Hochtief - Shareholders
Most Read Stories
A busy body
The National Infrastructure Commission has plenty to do in 2017. What did we learn from a conversation with its chair, Lord Adonis?
James Aiello’s career has taken him from practising law in California, to planning PPPs in South Africa. The South African Treasury’s top PPP official tells Paul Jarvis how he got there, and what he has planned for the country