IXAS Zuid-Oost, a Consortium Consisting of Fluor, Ballast Nedam, Heijmans & 3i Infrastructure, Selected as Preferred Bidder f...
July 24 2014 - 8:23AM
Business Wire
Fluor Corporation (NYSE: FLR) announced today that the
Directorate-General for Public Works and Water Management of the
Netherlands Rijkswaterstaat has announced its intention to appoint
IXAS Zuid-Oost, a consortium consisting of Fluor, Ballast Nedam,
Heijmans and 3i Infrastructure plc, as the selected bidder for the
public-private-partnership (PPP) project A9 Gaasperdammerweg in the
Netherlands. The project includes the design, build, management,
maintenance and financing of the existing and new infrastructure of
the A9 motorway between Diemen and Holendrecht. The project has a
total nominal value of approximately $945 million (€700 million),
including a 20-year management and maintenance period after the new
infrastructure becomes available.
The project consists of all the work to be performed in
connection with the reconstruction and expansion of the A9 motorway
between the junctions of Holendrecht and Diemen in the region of
Amsterdam, including the bridge over the river Gaasp, the road
surface on the A9 Gaasperdammerweg and the construction of an
approximately three-kilometer cut-and-cover tunnel.
Ballast Nedam, Fluor, Heijmans and 3i Infrastructure plc will be
the sole shareholders in the project, with an equal share each.
Ballast Nedam, Fluor and Heijmans will participate in the
construction and operation phase with an equal share of one third
each.
Rijkswaterstaat expects the final award of the project on August
19, 2014, after the expiration of the Alcatel period.
About Ballast Nedam
Ballast Nedam targets its strategic focus at successfully
acquiring and carrying out integrated projects in the working areas
of housing, mobility, energy and nature in the Netherlands and
internationally. We will expand related activities in niche markets
and work on projects where we can make a difference for the client
with our expert knowledge and skills. Ballast Nedam applies a
differentiated market approach for its three divisions.
With further industrialization of the building process through
the use of innovative modular concepts and standardization Ballast
Nedam creates enduring quality at the lowest possible life cycle
costs for its clients and society. The Ballast Nedam share is
included in the Amsterdam Small Cap Index (AScX) of NYSE Euronext.
www.ballast-nedam.com
About Heijmans
Heijmans is a listed company that combines activities related to
real estate development, residential building, non-residential
building, technical services and infrastructure. Heijmans is active
in the Netherlands, Belgium and Germany. Our focus on an integrated
approach and high-quality execution creates added value for our
customers. Heijmans realizes integrated, innovative projects for
large customers, such as companies and government organisations,
and homes for investors and consumers. With over 7,400 employees
and € 2.1 billion in revenues in 2013, we are building the spatial
skylines of tomorrow.
3i Infrastructure plc
3i Infrastructure plc is a Jersey-incorporated, closed-ended
investment company, listed on the London Stock Exchange and
regulated by the Jersey Financial Services Commission. The Company
is a long-term investor in infrastructure businesses and assets.
Its strategy is to maintain a balanced portfolio of investments in
order to deliver stable returns to its shareholders, through a mix
of income and capital appreciation. Its objective is to provide
shareholders with a total return of 10% per annum and, within that
overall objective, it targets an annual distribution yield of 5.5%.
The Company’s market focus is on core economic infrastructure in
developed economies, principally in Europe, in the utilities and
transportation sectors, investing in operational businesses which
generate long-term yield and can provide capital growth. It also
has investments in social infrastructure and is building its
exposure to primary PPP and renewable energy projects. 3i
Investments plc, a wholly-owned subsidiary of 3i Group plc, is
authorised and regulated in the UK by the Financial Conduct
Authority and acts as Investment Adviser to 3i Infrastructure
plc.
About Fluor Corporation
Fluor Corporation (NYSE: FLR) is a global engineering and
construction firm that designs and builds some of the world's most
complex projects. The company creates and delivers innovative
solutions for its clients in engineering, procurement, fabrication,
construction, maintenance and project management on a global basis.
For more than a century, Fluor has served clients in the energy,
chemicals, government, industrial, infrastructure, mining and power
market sectors. Headquartered in Irving, Texas, Fluor ranks 109 on
the FORTUNE 500 list. With more than 40,000 employees worldwide,
the company's revenue for 2013 was $27.4 billion. Visit Fluor at
www.fluor.com and follow on Twitter @FluorCorp.
Fluor CorporationMedia RelationsBrian Mershon,
469-398-7621orEric Krantz, 281-263-6030orInvestor RelationsKen
Lockwood, 469-398-7220orJason Landkamer, 469-398-7222
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