Takuechi Finance Takuechi Finance
Follow us on Twitter Follow us on LinkedIn Follow us on Instagram
Daily construction news
Weekly plant news

Construction News

Mon April 23 2018

Related Information
Related Information
Related Information
Related Information

News » International » Contract awarded for €1bn Rotterdam link » published 14 Dec 2017

Contract awarded for €1bn Rotterdam link

The Dutch Directorate-General for Public Works & Water Management has signed a contract for construction of a €1bn (£880m) road and tunnel project in Rotterdam.

The BAAK Blankenburg-Verbinding consortium had been named in July as preferred bidder for the A24 Blankenburgverbinding. The equity partners in the project are Macquarie Capital (70%) and Ballast Nedam Concessies and Deme Concessions Infrastructure (15% each) Construction will be carried out by a consortium consisting of Ballast Nedam Infra and the Deme companies Dimco and Dredging International.

The project will improve the roads and accessibility of the port of Rotterdam and the wider Rotterdam region, with the aim of contributing to economic growth. A new 4km A24 motorway, including the Blankenburg Tunnel, will connect the A20 and the A15 motorways. The project includes the construction of an immersed tunnel, a land tunnel, two junctions and widening of a stretch of the A20.

The scheme has a total nominal value of approximately €1bn and consists of design and construction, including a 20-year management and maintenance period after the new infrastructure becomes available.

Minister of Infrastructure & Water Management Cora van Nieuwenhuizen said: “This is a major step towards the start of the construction of the Blankenburgverbinding. This completely new road towards the port of Rotterdam will ensure a better traffic flow in this economically important region."

Financial close is expected to take place next year with the opening planned between 2022 and the end of 2024.

 

MPU

Download our free construction news iPhone / iPad app. Sign up to our FREE email newsletters or subscribe to our RSS feed for regular updates on the latest Construction News, Plant News & Contract News. The Construction Index also provides the latest Construction Tenders, Construction Market Data & Construction Law Commentary all FREE.

This article was published on 14 Dec 2017 (last updated on 14 Dec 2017).

More News Channels