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Hochtief team wins €1bn Dutch PPP

18 Dec 12 The Dutch government has awarded the SAAone consortium a contract to build, upgrade and later operate a key section of the highway between Amsterdam and Almere.

The project has a total value of over €1bn (£813m).

Hochtief Solutions has a 20% shareholding in the consortium through its subsidiaries, and a 35% stake in the construction joint venture. Hochtief‘s partners in the PPP project are the Dutch construction companies Boskalis and VolkerWessels, and the institutional investor Dutch Infrastructure Fund.

The consortium will plan, finance and build a section of the A1 and a section of the connecting A6 on the basis of a public-private partnership (PPP) and will operate them for 25 years.

"We are very pleased that Hochtief has succeeded in entering the Dutch market with this project. In light of the many upcoming PPP projects in the Netherlands, winning this contract is an important step for us," said Bernd Romanski of the Hochtief Solutions Executive Board.

Financial close is expected to be reached in February 2013.

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