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Mott MacDonald advises on €120m Dutch PPP

18 Dec 12 Mott MacDonald has been retained as lenders’ technical advisor by Poort van Noord on the €120m (£98m) N33 Assen - Zuidbroek PPP project near Groningen in the Netherlands.

The scheme widens 40km of the N33 from single carriageway to dual carriageway and includes construction or enlargement of 27 structures, including a new movable bridge over the Winschoterdiep. The A7 junction will also be remodeled to a cloverleaf interchange.

The N33 project is the first instance where a pension fund has a role in the senior debt of a infrastructure project in the Netherlands. The Dutch government aims to develop a system for attracting pension funds as financiers for future infrastructure projects.

After completing due diligence of Poort van Noord’s technical bid documents, Mott MacDonald is now carrying out construction and operations monitoring during the remaining phases of the project.

Construction is expected to begin in February 2013 and is scheduled to finish by the end of 2014. Once construction is completed Poort van Noord will be responsible for the maintenance of the N33 highway for 20 years.

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