A joint venture between French contractor Eiffage and German civil engineer Johanne Bunte Bauunternehmung has achieved financial close on Germany’s A3 motorway, the largest roads public-private partnership project in the country’s history.
The equal partnership has raised €1.2bn for the €1.5bn project, underwritten by the European Investment Bank and a consortium of private lenders.
The A3 Bundesautobahn runs from the Netherlands to Austria. The PPP in question covers the 76km section between Biebelried and Erlangen in Bavaria, which will be increased from four lanes to six and tolled. The consortium will operate and maintain the road for the next 30 years.
The contract will be let by Autobahndirektion Nordbayern, on behalf of the Federal Ministry of Transport to A3 Nordbayern, the company set up to carry out the work.
Image: The A3 Bundesautobahn (Bundesarchiv/CC-BY-SA 3.0)