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| Two more projects transferred to BAM PPP and PGGM jv The joint venture between BAM PPP and PGGM (BAM PPP PGGM Infrastructure Coöperatie) continues to develop positively. In 2012 it achieved financial close on two projects (Schools Bundle 3 in Ireland and the N33 Assen-Zuidbroek in the Netherlands) and received another two existing projects transferred from BAM PPP (A59 in the Netherlands and Somerset Schools in the UK). Into 2013 it remains preferred bidder on a concession targeting financial close before the half year results and has already reached financial close on the Supreme Court Building (Netherlands). In addition on 28 March the successful transfer of both the Burgdorf Justice Centre (Switzerland) and the A12 (Netherlands) took place, which means that: · The joint venture now holds investments in ten PPP projects; · The market value of the joint venture is in excess of €140 million; · The joint venture is involved in four PPP projects in the Netherlands (three road projects, the A59, N33, A12 and the Supreme Court Building); · The joint venture is currently bidding for 13 PPP Projects in BAM PPP's home markets. The objective of the joint venture remains providing a long-term partnership to invest in the developing social and transport PPP markets in the Netherlands, Belgium, the United Kingdom, Ireland, Germany and Switzerland. write your comments about the article :: © 2013 Construction News :: home page |