A9 expansion PPP reaches financial close
Veenix consortium – comprising Macquarie Capital, Siemens, Count & Cooper and FCC (contractor) – has reached financial close on the €850 million A9 Badhoevedorp–Holendrecht motorway expansion PPP.
The 14-year availability-based DBFM concession is the final project in the Schiphol-Amsterdam-Almere corridor and was awarded by Rijkswaterstaat to Veenix in September. The project entails the widening – from three to four lanes – of an 11km stretch of motorway and includes the upgrading of bridges on ten river crossings.
Financing for the scheme meets a senior funding requirement of around €1 billion according to Macquarie, which will be provided by Credit Agricole, DZ Bank, KfW Ipex-Bank, MEAG Munich Ergo, NWB, SMBC and the EIB (which is providing up to €350 million, with 50% of that from the European Fund for Strategic Investments). Macquarie Capital is sole financial advisor and debt arranger for Veenix.
