Financing Coentunnel Project Completed
2008年6月11日 - 2:04AM
PRニュース・ワイアー (英語)
ARNHEM, The Netherlands, June 10 /PRNewswire-FirstCall/ -- ARCADIS
(EURONEXT: ARCAD), the international consulting, design and
engineering company, today announced that Coentunnel Company B.V.,
a consortium to which ARCADIS belongs has concluded one of the
largest project financings in the Netherlands with regard to the
contract for the "Capacity Increase Coentunnel Route". This
concerns a so-called DBFM contract (Design, Build, Finance and
Maintain) with a contract term of 30 years and a total value of
approximately EUR 595 million (including financing costs).
Coentunnel Company B.V. consists of Arcadis, BESIX Group, CFE,
Dredging International, Dura Vermeer, TBI Bouw (represented by
Haverkort Voormolen) and European Infrastructure Investment (a 100%
subsidiary of Vinci Concessions). During the two year tendering
procedure, the Dutch/Belgian/French consortium has sought the
financial advice of Rabobank and RebelGroup. The international law
firm Clifford Chance has assisted the consortium with legal advice.
Documentation including financial facilities have been signed,
representing a value of over EUR 550 million. This concerns a club
deal with European investment bank (EUR 200 million 28 years
facility), Fortis, Bayerische LandesBank, The Royal Bank of
Scotland, Bank Nederlandse Gemeenten and KfW IPEX-Bank GmbH as
Mandated Lead Arrangers (EUR 100 million 5.5 years facility and EUR
200 million 29.5 years facility). An optimum leverage has been
achieved with a Mezannine Loan facility of EUR 21 million with
Fortis and Bank Nederlandse Gemeenten and an Equity Bridge facility
of EUR 28 million with Fortis. Fortis will furthermore have the
role of Agent Bank under the facilities. The banks have acquired
the legal advice of Denton Wilde Sapte and Nauta Dutilh. As a
technical consultant, Atkins Consultants Limited advised the banks
regarding the technical aspects of the project. What is
characteristic of a DBFM agreement is that the principal delivers
the design and realisation, as well as the financing, as set out
above, and the maintenance. Coentunnel Company will generate its
revenues from the future availability fee, based on the actual
availability of the road system for users in the period 2008 -
2038. ARCADIS is an international company providing consultancy,
design, engineering and management services in infrastructure,
environment and buildings, to enhance mobility, sustainability and
quality of life. ARCADIS develops, designs, implements, maintains
and operates projects for companies and governments. With more than
13,500 employees and over EUR1.5 billion in gross revenue, the
company has an extensive international network that is supported by
strong local market positions. DATASOURCE: ARCADIS NV CONTACT: For
more information contact: Mr F. Keizer (Director Coentunnel Company
B.V.) Tel: +31(0)20-491-98-18
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