Tous Actualités
Suivre
Abonner KfW IPEX-Bank

KfW IPEX-Bank

KfW IPEX-Bank participates in PPP financing for Afsluitdijk Project in the Netherlands

Main (ots)

   - PPP financing makes major European project possible
   - Total investment volume: approx. EUR 830 million / share 
     provided by KfW IPEX-Bank: approx. EUR 124 million

KfW IPEX-Bank is financing the reinforcement of the Afsluitdijk Project in the Netherlands in cooperation with four other commercial banks and the European Investment Bank (EIB). Within the framework of a complex PPP financing structure, the banks are together providing borrowed funds of around EUR 815 million for the major project. KfW IPEX-Bank is making some EUR 124 million available. The total investment volume is valued at around EUR 830 million.

"We are very pleased to be a part of this crucial infrastructure project," commented Andreas Ufer, member of the Management Board of KfW IPEX-Bank. "In the Netherlands and other European countries, PPP is a proven and successful procurement option - thanks to the cooperation between public and private project stakeholders, measures of this kind can be implemented in an economically sustainable way."

By agreeing to provide the necessary funds, the bank consortium consisting of the European Investment Bank, KfW IPEX-Bank, DekaBank Deutsche Girozentrale, Landesbank Baden-Württemberg, Belfius Bank NV/SA and Coöperatieve Rabobank U.A. support the project sponsors: The Levvel consortium shareholders and equity providers are BAM PPP (46%), Van Oord (46%) and Rebel (8%), together with joint venture partners Aberdeen Standard Investments, APG Group, PGGM and EPICo. The design, construction and long term maintenance will be completed by BAM Infra and Van Oord Nederland. Rebel is the consortium financial advisor. Other consultants involved include legal advisers De Brauw Blackstone Westbroek and BDO LLP as model auditor. Nauta Dutilh (legal), Atkins (technical) and AON Global Risk Consulting (insurance) advised the lenders.

Supporting PPP projects for the development and preservation of social and business infrastructure in Germany and Europe is part of KfW IPEX-Bank's core business. Over the past few years, the bank has been involved in a number of PPP projects, both in Germany and other European countries such as France, the United Kingdom and the Netherlands.

Please find more information about the Afsluitdijk Project here: http://ots.de/xNvKjM

Contact:

KfW IPEX-Bank GmbH, Palmengartenstraße 5-9, 60325 Frankfurt
Pressestelle: E-Mail: Antje.Schlagenhaufer@kfw.de
Tel. 069 7431-4009, Fax: 069 7431-9409,
E-Mail: info@kfw-ipex-bank.de,
Internet: www.kfw-ipex-bank.de

Plus de actualités: KfW IPEX-Bank
Plus de actualités: KfW IPEX-Bank
  • 16.04.2018 – 10:50

    KfW IPEX-Bank presents its financial statements for the 2017 financial year

    Frankfurt am Main (ots) - - KfW IPEX-Bank remains a reliable and strong partner to the German and European export economies with new commitments of EUR 13.8 billion in 2017 - It contributed EUR 469 million to KfW's consolidated earnings, thereby helping to secure long-term promotional capacity - Anniversary - since its spin-off ten years ago, the bank has supported the ...

  • 02.01.2018 – 10:37

    Anniversary: KfW IPEX-Bank has now been successfully supporting the export industry for ten years

    Frankfurt am Main (ots) - - Exports and investment projects successfully supported with a commitment volume of EUR 143.0 billion - Financing of over 3,000 projects to safeguard growth and jobs of German and European companies - IPEX earnings support KfW Group's long-term promotional capacity - Outlook: forge ahead with the focused business model, rise to the market and ...