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Investment in the A12 motorway in the Netherlands

3i Infrastructure plc (“3i Infrastructure” or “the Company”) announces it has committed to invest €5.3 million to acquire an 80% holding in the A12 Public Private Partnership (“PPP”) project in the Netherlands.

3i Infrastructure plc (“3i Infrastructure” or “the Company”) announces it has committed to invest €5.3 million to acquire an 80% holding in the A12 Public Private Partnership (“PPP”) project in the Netherlands.

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 existing A12 motorway connects the German border to The Hague, with a total length of approximately 137km. The A12 PPP project comprises the refurbishment, widening and maintenance of an 11km section of the motorway, as well as the maintenance of an additional 8km section. Construction is expected to be completed by the end of 2016.

Heijmans NV will retain the remaining 20% holding in the project and all construction and maintenance obligations will be undertaken by a Heijmans subsidiary. This is the third investment completed by 3i Infrastructure alongside the Heijmans Group.

Peter Sedgwick, Chairman, 3i Infrastructure plc, commented:
“This investment represents a further step in the execution of the Company’s strategy to gradually build the portfolio of primary PPP projects, that can deliver attractive returns, while retaining our focus on the core European infrastructure market.”

Ben Loomes and Phil White, Managing Partners and Co-heads, Infrastructure, 3i Investments plc, added:
“The Netherlands is one of the most dynamic PPP markets in Europe and we have made good progress in accessing investments in the region. The A12 project is the third investment we have completed in the Dutch primary PPP market and we continue to work with our local partners to assess further opportunities that suit the Company’s investment strategy.”

-Ends-

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For information please contact:

3i Infrastructure plc
Peter Sedgwick, Chairman
+44 1534 847 410

Investor and press enquiries
Silvia Santoro
+44 20 7975 3258

 

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.

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