Consortium closes on Belgian tram project

Flemish transport authority De Lijn has obtained financial close on the Belgium Livan 1 tram PPP.

Valued at $170m, the De Lijn Transport Authority has agreed to close with the Poseidon Consortium, a team comprised of Macquarie, Denys, Van Wondelgam and Royal Imtech, which was appointed in October this year.

Investment of $100m will come from the Macquarie Group, while Royal Imtech will provide approximately $50m with the remaining coming from combined investment from Denys and Van Wondelgam.

With a concession period of 25 years, the project is for the design, build, finance and maintenance of the Livan 1 tram line and rolling stock. A new route using existing tunnels and tram stations will be constructed as part of Antwerp’s Mobility Masterplan. Starting in Wommelgem, commuters will be able to reach the project’s end, Antwerp Central Station, in approximately 15 minutes.

Macquarie Capital will act as financial adviser to the public authority, while Denys will provide the civil and construction activities and Royal Imtech will be responsible for the design and implementation of technical solutions.