BBGI SICAV S.A. has announced that it has completed the acquisition of significant equity interests in three PPP transportation and social infrastructure projects in the Netherlands via a partnership with VolkerWessels and additional interests in two LIFT projects in the UK from GB Partnerships Investments Limited.

Following BBGI's investment policy, all of the assets acquired are operational and availability-based.

The Dutch PPP projects included in the transaction are the following:

• A1/A6: a PPP road project, part of the Schiphol-Amsterdam-Almere (SAA) expansion involving the reconstruction and widening of a 18 km motorway including reversible lanes. The project became operational in 2017 and the concession runs until 2042.
• N18: a PPP road project between Varsseveld and Enschede comprising 15km of existing and 27 km new 2x2-lane motorway. The project became operational in 2018 and the concession runs until 2043.
• Westland Town Hall: a PPP accommodation project consisting of a new approximately 11,000 m² town hall for the municipality of Westland. The project became operational in 2017 and the concession runs until 2042.

BBGI has acquired a further 6.67% equity interest in North London Estates Partnerships LIFT Project and Liverpool and Sefton Health Partnership LIFT Project and now owns 60% of the equity interests in both projects. 

The two LIFT projects consist of 21 primary health care facilities and local community hospitals in North London and Liverpool, mainly in areas in need of regeneration. The projects provide high quality environments for the delivery of a broad range of primary healthcare services such as GP (family medicine), dental and outpatient services, as well as providing space for wider community engagement and events.

The consideration payable by the Company for the five project interests is approximately GBP29.1 million (US$36.6 million), which will be funded from BBGI's existing cash resources and drawings under its extended credit facility.