Allianz main financier for Calais port PPP

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Allianz main financier for Calais port PPP

This article is part of a daily series of MegaProjects articles. If you want to know more about PPP projects with a considerable size visit our MegaProjects section. You can receive them by email on a daily basis.

A consortium led by Meridiam and CDC has closed financing for the 50-year concession contract of the "Calais Port 2015" project.

The total project investment is estimated at €863 million (US$946.2 million). The financiers are Allianz and third-party investors by underwriting a bond issue of €504 million and the European Investment Bank. Additionally, equity investors will contribute €89 million and €270 million will come from public funds. 

The parties involved in the project are the Côte d'Opale Chamber of Commerce and Industry, the Regional Chamber of Commerce and Industry, the Port of Dunkirk, CDC Infrastructure and Meridiam.

The Design & Build joint venture formed by Bouygues, Spie Batignolles and Jan de Nul.

The concession transforms the sites of Boulogne-sur-Mer and Calais into a single port and will enable the completion of the "Calais Port 2015" project. The project involves:

  • the creation of a new seawall about 3 kilometers long and a dock with a surface area of 90 hectares, which will be essential to any development of the port of Calais;
  • the creation of 44 hectares of a new quay using material dredged from the dock;
  • the construction of berths for the latest-generation mega-ferries;
  • the developments required for road and rail connections;
  • a rail - road - sea terminal.

The aim is to balance the development of the two ports by promoting their complementary business activities and the complementarity in general between the ports on the Côte d'Opale seaboard and the Channel Tunnel.

The project is the sixth investment of Meridiam in France where the firm has invested more than € 11.4 billion in public infrastructure projects.

During this month Atlandes, the project company for the A63 motorway PPP projectin a 104 km motorway in South West France, has refinanced the initial debt package put in place in January 2011. Atlandes signed a new €860 million (US$945.9 million) financing agreement, for a period of 25 years.

List of country news

Country news

  • July 29, 2015

    Financial and commercial close for Grenoble university PPP

    The University of Grenoble (France) along with its private partner have achieved commercial and financial closure for the university's Social and Human Sciences department PPP project. Read more
  • August 12, 2015

    Cherbourg Port launches tender for concession project

    The city of Cherbourg (France), through Ports Normands Associés, has launched a tender process for a concession project at Cherbourg Harbour. Read more
  • September 01, 2015

    CDC Infrastructure appoints Head of Infrastructure

    Pierre Aubouin has been appointed as Head of the Infrastructure & Transportation CDC Infrastructure, a subsidiary of Caisse des Dépôts. Read more
  • September 11, 2015

    Groupe eurotunnel appoints Francois Gauthey as chief financial and corporate officer

    Groupe Eurotunnel SE has appointed François Gauthey as Chief Financial and Corporate Officer in charge of Corporate services for the group. Read more
  • September 16, 2015

    AXA acquires a stake in Eranove, a West African utility company

    AXA has acquired from Bouygues SA a 18.6% stake in Eranove, a West African utility company with operations in power generation, transmission and distribution, as well as water production and distribution. Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.