TIDMINPP 
 
RNS Number : 6534W 
International Public Partnership Ld 
31 July 2009 
 

31st July 2009 
 
 
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR FROM ANY JURISDICTION 
WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH 
JURISDICTION 
 
 
 
 
INTERNATIONAL PUBLIC PARTNERSHIPS LIMITED 
(formerly known as Babcock & Brown Public Partnerships Limited) 
 
 
 
 
BeNEX wins significant new contracts 
 
 
International Public Partnerships Limited ("INPP" or the "Company") advises that 
its German transportation investment vehicle, BeNEX, has, via its 50% owned 
subsidiary ODEG Ostdeutsche Eisenbahn GmbH ("ODEG"), been awarded a further 
significant rail tender in the German local passenger transport market. INPP 
holds a 49% stake in BeNEX which is a 51% subsidiary of Hamburger Hochbahn AG, 
the second largest LPPT (Local Public Passenger Transportation) company in 
Germany. 
 
 
The contracts in the regions of the Federal State of Brandenburg and the German 
capital City of Berlin comprise a total volume of 7.2m rail kilometres per annum 
and have a term of 11 years commencing from the end of 2011. In detail, the 
contracts cover important Regional Express connections between Stendal via 
Berlin to Cottbus (2.9m rail kilometres), Wismar via Berlin to Jüterbog (3.0m 
rail kilometres) as well as three regional connections in the wider area of 
Berlin (1.3m rail kilometres). The total investment volume required amounts to 
approx. EUR 150m for the required vehicles which will either be leased or acquired 
with financing from existing BeNEX equity reserves which were established at the 
time of INPP's initial investment in BeNEX, and debt. 
 
 
ODEG, established in 2002, is jointly owned by BeNEX and Prignitzer Eisenbahn 
GmbH, a subsidiary company of Arriva plc. The new contracts make ODEG the most 
important private rail provider in Eastern Germany. 
 
 
Together with contracts recently won in the Federal State of Bavaria, BeNEX will 
on commencement of this contract have more than three times the volume 
(calculated on a kilometre per annum basis) compared to the position at the time 
of INPP's initial investment in BeNEX in August 2007. Additionally, BeNEX will 
get the opportunity to demonstrate its ability to provide services within the 
main traffic region of the German capital City of Berlin. 
 
 
The investment in BeNEX is managed by Dr. Jürgen Bufka who leads the work of 
INPP's investment adviser Amber Fund Management Limited in Germany, and who has 
been involved with BeNEX since its inception. 
 
 
Giles Frost, Director of the Company said, "This is excellent news for BeNEX and 
for INPP. This demonstrates the real potential of our partnership with BeNEX and 
Hamburger Hochbahn whose experience and strong track record in the German LPPT 
market complements INPP's experience in the development and financing of public 
private partnerships. The privatisation of the German LPPT market is in the 
earliest stages and INPP, through BeNEX, hopes to continue to participate 
actively in its future development." 
 
 
 
 
For further information, please contact: 
 
 
Giles Frost     +44 20 7203 7300 
Director 
 
 
Media Enquiries: 
 
 
Byron Ousey/Michael Turner    +44 20 7554 1440 
Kreab Gavin Anderson 
 
 
 
Notes to Editors: 
 
 
International Public Partnerships Limited is a closed end investment company 
that invests in infrastructure assets in the UK, Europe and internationally, 
particularly those with a public or social character such as those developed 
with public bodies under private finance initiative (PFI) or public private 
partnership (PPP) procurement. 
 
 
The portfolio consists of 50 PPP/PFI projects with more than 99% of revenues 
backed by Governments. There is diversification geographically as well as across 
several PPP/PFI sectors, including roads and tunnels, railways, schools, 
courthouses, police and custodial facilities, government offices and health 
facilities. Average remaining concession life of projects in the portfolio is 25 
years, against a weighted average debt tenor of 24 years, ensuring that project 
debt is largely matched to concession life. 
 
 
Employees of Amber Infrastructure Group have been responsible for the 
development and management of the majority of these assets and will continue to 
manage them for the benefit of INPP shareholders. 
 
 
The company listed on the Main Market of the London Stock Exchange in November 
2006, and is a constituent of the FTSE 250 and FTSE AllShare. 
 
 
 
Disclaimer 
Nothing in this press release is intended as an offer to sell or a solicitation 
of an offer to buy any securities. An investment in International Public 
Partnerships Limited carries certain risks and past performance cannot be relied 
on as a guide to future performance. 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 CNTSDAFSFSUSESW
International Public Par... (LSE:INPP)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more International Public Par... Charts.
International Public Par... (LSE:INPP)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more International Public Par... Charts.