Hochtief reaches financial close on $790m German highway job

A consortium comprising Hochtief PPP solutions, the Dutch Infrastructure Fund and Kemna Bau Andreae has reached financial close for the A7 PPP in Schleswig-Holstein and Hamburg in Germany.

The consortium will plan, finance and upgrade 65km of the A7 federal highway between the Hamburg-Northwest and Bordesholm intersections, and will operate and maintain a section between Hamburg and Neumünster for 30 years. The project will cost an estimated $791m.

Hochtief PPP solutions is the majority shareholder with a stake of 49%, the Dutch Infrastructure Fund and Kemna Bau Andreae have shareholdings of 41 and ten percent respectively.

The project involves widening the said section of the highway from six to eight lanes, and also includes the construction or refurbishment of 49 bridges. 

A noise protection tunnel is to be built in the section at Schelsen. A new highway maintenance depot will be constructed in the community of Nützen, at the Kaltenkirchen interchange.

Preparatory construction work is expected to start in October this year. Once completed, a 6km section between Neumünster and Bordesholm will be handed over to the federal state of Schleswig-Holstein. The remaining 59km will be operated and maintained by the partners until 2044.

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