TIDMINPP 
 
RNS Number : 9304L 
International Public Partnership Ld 
14 May 2010 
 

14 May 2010 
 
 
                    INTERNATIONAL PUBLIC PARTNERSHIPS LIMITED 
 
          Acquisition of 97% interest in Pforzheim Schools PPP Project 
 
International Public Partnerships Limited ("INPP" or the "Company") is pleased 
to advise that it has acquired an additional 97% interest in the Pforzheim 
Schools PPP project and hence increased its shareholding to a total of 98%. The 
project consists of the construction and operation of a 1400-pupil central 
secondary school, Alfons-Kern Schule, under a 30-year PPP contract with the City 
of Pforzheim. The project was awarded in May 2008 and the majority of 
construction was completed in September 2009, with the remaining building works 
on schedule for completion in September 2010. The project is one of the largest 
PPP school projects in Germany and in 2009 was awarded the Innovation Award for 
one of the best projects in Germany. 
BAM Deutschland AG, a subsidiary of the Royal BAM Group, is responsible for 
construction under a fixed-price, fixed-time agreement. Royal BAM Group will 
also be responsible for the ongoing operations through its facilities management 
subsidiary Müller-Altvatter Gebäudemanagement GmbH. Royal BAM Group operates 
more than 10 PPP projects in the U.K. and Europe. Debt financing has been 
provided by DZ Bank AG and DG HYP AG for the entire life of the project. 
The purchase price of approximately EUR1m reflects the acquisition of the asset on 
a basis that is both immediately accretive to the Company in net asset value 
terms and is also immediately yield accretive. 
In addition, the project also meets the Company's other key investment criteria 
including: 
·      Indexation of relevant operating costs 
·      Long-term, 30 year concession term ending in 2039 
·      Majority (98%) ownership and influence over project operations 
·      Debt facility in place, and 100% swapped at a fixed rate for the life of 
the concession. 
The project will be overseen by Amber's German asset management executives, Dr. 
Juergen Bufka and Tim Schlicht. 
Keith Dorrian, Chairman of the Company said: "We are delighted to acquire a 
further investment in the German PPP market. There are a number of school 
projects expected to be developed by various German states in the coming years. 
Our investment adviser is following the development of these projects which, if 
successful, would further strengthen and diversify our German business which 
already includes our rail operating business, BeNEX." 
For further information: 
 
Bianca Francis                                                              +44 
(0)20 7939 0558 
Amber Fund Management Limited 
 
Nick Westlake                                                               +44 
(0)20 7260 1345 
Numis Securities 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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