Consortium TramContractors reaches financial close on Antwerp tramline PPP project
Bunnik, the Netherlands, 19 November 2015 – The Flemish public transport operator De Lijn, the Flemish Roads and Traffics Agency, - and the City of Antwerp have granted in coordination with the Beheersmaatschappij Antwerpen Mobiel the contract for the construction of the PPP tram project Northern line, to the consortium TramContractors. Partners in this consortium are BAM-PGGM and Cofely Fabricom (ENGIE). The contract value is approximately €200 million.
The Northern line project, also known under its technical name Brabo 2, will enable the north of Antwerp to be accessible by tram. The Antwerp Noorderleien boulevards will be reconstructed and transform Opera Square into a city centre landmark and create quality public space at Franklin Roosevelt Place.
A tunnel will be built next to the Opera House to improve the flow of traffic in the area. The Keyserlei, Meir, Kipdorpbrug and Franklin Roosevelt Place will also become better connected, allowing pedestrians and cyclists to move around easily.
The Northern line project will consist of three contracts: a DBFM contract from De Lijn concerning the tram infrastructure, a DBFM contract from the Flemish State (through its Roads and Traffic Agency) concerning the non-tram part (roads) and a DBF contract from the City of Antwerp for a short tunnel, the renovation of a drawbridge, creation of public spaces, underground parking and the construction of 2x10 kilometer rails.
Construction activities will be carried out by BAM companies from Belgium and the Netherlands. Cofely Fabricom will be responsible for all mechanical and electrical engineering activities.
Construction will commence in March 2016.
The consortium will also be responsible for the maintenance of the civil works and the availability of the tram system during a 28 year concession period.
BAM PPP
BAM PPP is responsible for Royal BAM Group’s involvement in the PPP market. Operating from offices in the Netherlands, Belgium, UK, Ireland and Germany, BAM PPP is active in the road, rail, education, healthcare, judicial and general accommodation sectors. BAM PPP has reached financial close on 41 projects, with a total capital value of over €6.3 billion.
PGGM
PGGM is a cooperative Dutch pension fund service provider. Institutional clients are offered: asset management, pension fund management, policy advice and management support. On June 30, 2015 PGGM had €186,6 billion in assets under management. The PGGM cooperative has approximately 700,000 members and is helping them to realize a valuable future. Either alone or together with strategic partners, PGGM develops innovative future solutions by linking together pension, care, housing and work. www.pggm.nl
Further information:
BAM:
- BAM PPP: Vicki Harris, +44 (0)141 779 8634;
- Royal BAM Group - Press: Arno C. Pronk, +31 (0)30 659 86 23;
- Royal BAM Group - Analysts: Joost van Galen, +31 (0)30 659 87 07.
PGGM:
- Maurice Wilbrink, corporate commiunication, +31 (0)30 277 15 00, maurice.wilbrink@pggm.nl