Financial close has been reached for expansion of the A9 motorway near Amsterdam in the Netherlands.
BNG Bank, DZ BANK, ING, KBC, SMBC and Société Général have made available a short-term debt of US$174 million (€140 million) and half of the long-term debt of nearly $509 million (€410 million). The European Investment Bank will provide the other half of the long-term debt.
Mott MacDonald is the lenders’ technical advisor to the consortium IXAS Zuid-Oost, which has the public-private contract to expand
Financial close has been reached for expansion of the A9 motorway near Amsterdam in the Netherlands.
BNG Bank, DZ BANK, ING, KBC, SMBC and Société Général have made available a short-term debt of US$174 million (€140 million) and half of the long-term debt of nearly $509 million (€410 million). The1054 European Investment Bank will provide the other half of the long-term debt.
2579 Mott MacDonald is the lenders’ technical advisor to the consortium IXAS Zuid-Oost, which has the public-private contract to expand the A9 Gaasperdammerweg section.
The scheme, worth around $868 million (€700 million), will see reconstruction and expansion of the A9 motorway between the junctions of Holendrecht and Diemen followed by a 20-year deal to manage and maintain the infrastructure.
Work includes replacement of the bridge over the River Gaasp, relaying the surface of the motorway and constructing a 3km overground tunnet. Additional lanes will be added to improve traffic flow and accessibility of the Northern Randstad area.
Mott MacDonald provided due diligence and technical reports to support financial close and is now monitoring construction to help the project stay on schedule and within budget. Construction work is due to begin in the summer next year, with the tunnel open for traffic in 2020.
The IXAS Zuid-Oost consortium is a special purpose company created by Ballast Nedam,6343 Fluor, 3i Infrastructure and 1271 Heijmans Capital, a joint venture between Heijmans and 3i Infrastructure.
Joost van Loon, Mott MacDonald’s project director, said the work builds on the comapany’s infrastructure experience in the Netherlands and Belgium.
Mott MacDonald is a global management, engineering and development consultancy with a turnover of around $1.9 billion. It has 180 offices in nearly 50 countries and projects in 140 countries. Contracts are in the sectors of transport, buildings, power, oil and gas, international development, urban development, industry, water, environment, education, health and communications.
BNG Bank, DZ BANK, ING, KBC, SMBC and Société Général have made available a short-term debt of US$174 million (€140 million) and half of the long-term debt of nearly $509 million (€410 million). The
The scheme, worth around $868 million (€700 million), will see reconstruction and expansion of the A9 motorway between the junctions of Holendrecht and Diemen followed by a 20-year deal to manage and maintain the infrastructure.
Work includes replacement of the bridge over the River Gaasp, relaying the surface of the motorway and constructing a 3km overground tunnet. Additional lanes will be added to improve traffic flow and accessibility of the Northern Randstad area.
Mott MacDonald provided due diligence and technical reports to support financial close and is now monitoring construction to help the project stay on schedule and within budget. Construction work is due to begin in the summer next year, with the tunnel open for traffic in 2020.
The IXAS Zuid-Oost consortium is a special purpose company created by Ballast Nedam,
Joost van Loon, Mott MacDonald’s project director, said the work builds on the comapany’s infrastructure experience in the Netherlands and Belgium.
Mott MacDonald is a global management, engineering and development consultancy with a turnover of around $1.9 billion. It has 180 offices in nearly 50 countries and projects in 140 countries. Contracts are in the sectors of transport, buildings, power, oil and gas, international development, urban development, industry, water, environment, education, health and communications.
