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| Bilfinger Berger reaches financial close for highway in Canada Bilfinger Berger, Germany's second largest builder, will design, finance, build and subsequently operate a new 21-kilometer long highway in Edmonton, Canada. The route is part of the ring road around the provincial capital of Alberta and will go into operation at the end of 2011. Investment volume amounts to €750 million. Bilfinger Berger will make an equity commitment of €36 million in the project company which will be wholly-owned by the group. Financing includes a public-sector grant of around €300 million. Bilfinger Berger has awarded planning and construction to a joint venture consisting of Canadian contractors Graham, Parsons and Flatiron, a subsidiary of the Hochtief Group. write your comments about the article :: © 2008 Construction News :: home page |