Bayern LB finances fire station PPP project
BayernLB has announced that it is financing the construction of the new main fire and rescue station of the city of Leverkusen through a public-private partnership (PPP).
Construction company Madora will develop the project and design, construction and facility management of the project will be in charge of BAM Germany AG.
The financing has a volume of €48.8 million (US$54.5 million). BayernLB assumes the long-term financing with a maturity of 25 years.
The new 15,000 m2 building has room for 50 fire engines. It provides office and living quarters for 130 employees and includes a control centre, training and fitness rooms and a workshop.
BayernLB has been supporting PPP projects in Germany for almost 20 years, such as schools, hospitals, nursing homes, administrative buildings and university facilities, providing a wide range of customized financing and investment solutions to governments, local authorities and public institutions.
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