A consortium including Dutch contractor BAM, French firm Eiffage and Germany’s Berger Bau has reached financial close on a $1.2bn deal involving the construction of a 33km motorway in Bavaria.
The consortium, which is called Isentalautobahn, also includes Dutch pension provider PGGM and Autobahndirektion SÃ¼dbayern, the Bavarian state transport authority.
The project involves the design, construction, financing and maintenance of a four-lane stretch of the A94 autobahn between Pastetten and Heldenstein.
Construction will be carried out by BAM’s German civil engineering company Wayss & Freytag in cooperation with Berger Bau and Arge Eiffage.
In addition to the construction of the motorway the contract also includes the maintenance and operation of a 77km-long section of the A94 between Forstinning, near Munich and Marktl, including the newly built section.
The project will receive long-term financing from a number of sources, including the European Investment Bank, KfW IPEX Bank, DZ Bank, DekaBank and the Bayerische Landesbank.
The equity investors are BAM-PGGM Infrastructure Coöperatie, Berger Bau and Eiffage.
Construction will begin on 1 February with completion expected on 31 October 2019.