BAFOs Submitted for Beatrix Lock PPP
The three shortlisted teams have submitted financial best and final offer (BAFO) for the Beatrix lock public private partnership (PPP) project in the Netherlands.
The BEA3X consortium is composed of BAM PPP, VolkerInfra and DIF. In support of BEA3X consortium's bid, Operis provided modelling and financial advisory services. The two other consortia are composed of Besix & Rebel Group; and TBI & CFE & Dredging International, being the last consortium advised by KPMG.
The promoter of the project is Rijkswaterstaat, which is part of the Dutch Ministry of Infrastructure and Environment. The preferred bidder is expected to be announced in November 2015.
The project consists of the construction of a third and larger lock adjacent to the existing Princess Beatrix lock complex in the Dutch municipality Nieuwegein and the widening of the Lek Canal, including additional berthing space.
In ealry June this year we reported that the EIB indicated that it may provide up to 50% of the senior debt requirement for the project. The remaining 50% will be provided by commercial funders.
Country news
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October 21, 2015
Financial close reached for IJMuiden lock PPP in Amsterdam
Europe's long-term investment institution will provide 33% of the debt financing for the project, alongside a consortium of banks including Sumitomo Mitsui Banking Corporation, The Bank of Tokyo-Mitsubishi UFJ, UniCredit Bank, DZ BANK and KfW IPEX-Bank, whereas Rabobank is providing an equity bridge facility. The European Investment Bank has agreed to provide €165 million (US$187.2 million) to support the project. Read more -
November 17, 2015
Turner & Townsend to advise BNG Bank on two Dutch projects
BNG Bank has appointed Turner & Townsend to act as the technical advisor on two PPP projects in the Netherlands, which the bank is financing. Read more -
November 17, 2015
Preferred bidder selected for Beatrix Lock PPP project
The team beat out competition for two other bidders: the BEA3X consortium, composed of BAM PPP, VolkerInfra and DIF and the team made up TBI & CFE & Dredging International. Read more
