3i Infrastructure plc announces investment in the A9 motorway in the Netherlands
3i Infrastructure plc (“3i Infrastructure” or “the Company”) announces it has committed to invest €22.3 million to acquire a 45% holding in the A9 Gaasperdammerweg, a primary Public Private Partnership (“PPP”) project in the South East of Amsterdam.
The A9 primary PPP project includes the design, build, management, maintenance and financing of the existing and new infrastructure of the A9 motorway between Diemen and Holendrecht in the Netherlands. The project will reconstruct and expand the A9 motorway between these junctions including a bridge over the river Gaasp. It will also include the construction of an approximately three kilometre overground tunnel.
The project was procured under a typical PPP framework by the State of the Netherlands, represented by Rijkswaterstaat, the Directorate-General for Public Works and Water Management, part of the Ministry of Infrastructure & Environment. The remaining equity in the project will be held by Heijmans NV, Ballast Nedam and Fluor Infrastructure BV.
Peter Sedgwick, Chairman, 3i Infrastructure plc, commented:
“This investment is consistent with the Company’s strategy of progressively building a portfolio of primary PPP projects, that deliver attractive risk-adjusted returns, whilst retaining our focus on investing in Core infrastructure.”
Ben Loomes and Phil White, Managing Partners and Co-heads, Infrastructure, 3i Investments plc, added:
“We are pleased to announce the Company’s investment in the A9 primary PPP project in the Netherlands. The region has a strong pipeline of investment opportunities as the Government continues to prioritise improving infrastructure to support a growing population. This is our fourth primary PPP investment in the region in the past year and we look forward to working with our partners to identify additional projects that meet the Company’s investment strategy.”
For further information, contact:
Peter Sedgwick Chairman,
3i Infrastructure plc
Tel: +44 1534 711 444
Tel: +44 20 7975 3258
Kathryn van der Kroft
Tel: +44 20 7975 3021
Notes to editors:
3i Infrastructure plc is a Jersey-incorporated, closed-ended investment company, listed on the London Stock Exchange and regulated by the Jersey Financial Services Commission. The Company is a long-term investor in infrastructure businesses and assets. The Company’s market focus is on core economic infrastructure in developed economies, principally in Europe, in the utilities and transportation sectors, investing in operational businesses which generate long-term yield and can provide capital growth. It also has investments in social infrastructure and is building its exposure to primary PPP and renewable energy projects.
3i Investments plc, a wholly-owned subsidiary of 3i Group plc, is authorised and regulated in the UK by the Financial Conduct Authority and acts as Investment Adviser to 3i Infrastructure plc.