BAM Balfour Beatty Consortium preferred bidder for N17 / N18 Gort to Tuam PPP Scheme
Bunnik, The Netherlands, 16 September 2010 - The National Roads Authority has selected the BAM Balfour Beatty Consortium as preferred bidder for the N17 / N18 Gort to Tuam PPP Scheme in Ireland.
The project includes the design, build, finance and maintenance of approximately 57 km motorway between Gort (south of Galway City) and Tuam (north of Galway City), part of the Atlantic road corridor. The road has three grade separated junctions, including a major intersection with the new M6 Dublin Galway interurban motorway. The scheme also includes a roundabout, two railway bridges, five river bridges, 31 road bridges and several other structures. The project will be funded by way of availability payments over the period of the contract of 25 years.
It is the National Roads Authority's intention to achieve financial close in the shortest time possible. It is expected that work on the project will begin early 2011 and be completed by the end of 2014.
Further information:
- Press: A.C. Pronk, +31 (0)30 659 86 21
- Analysts: P.R.E. Snippe, +31 (0)30 659 87 07