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| Hochtief wins ideas contest on optimizing military properties A German Ministry of Defense company, Gesellschaft für Entwicklung, Beschaffung und Betrieb mbH (g.e.b.b.), has awarded Hochtief first prize in a nationwide contest on ideas for operating bases for the German armed forces. The contest was aimed at optimizing real estate management in order to create financial scope for the modernization of 140 properties owned by the Bundeswehr. The locations selected for the contest account for about ten percent of the operating costs of Defense Ministry properties - around EUR 150 million a year. The concept put forward by the Essen-based service provider will make it possible to modernize the properties and reduce the operating costs by 30 percent. Over a contractual period of 15 years, this represents a total of EUR 600 million. Hochtief would achieve this by means of a public-private partnership (PPP) model on the basis of a concept for integrated facility management. The contract would involve a volume of more than EUR 2 billion, Germany's biggest ever PPP project. write your comments about the article :: © 2007 Construction News :: home page |