Listed Dutch construction company BAM is now the preferred bidder to design, build, finance and maintain (DBFM) a section of the A12 motorway, in the Netherlands, the firm said in a statement.
The team beat competition from two consortia led by infrastructure investor DIF and Austrian construction firm Strabag.
BAM will have to widen a 30-kilometre stretch of the A12 between Utrecht-Lunetten and Veenendaal at a cost of some €260 million. The 20-year contract is expected to reach financial close in September with construction works to begin in February 2011 and last for 18 months.
The European Investment Bank (EIB) has approved a €155 million loan for the project, which will be backed by availability payments from the Dutch government. Availability payments are public contributions paid in exchange for making an asset available in good condition.
A consortium of BAM and French infrastructure group VINCI is also in the running for the widening and maintenance of the 40-kilometre A15 motorway between Maaksvlaket and Vaanplein, on the outskirts of Rotterdam. The team is competing against the same two consortia it beat for the A12 DBFM.
A loan of up to €500 million has been approved by the EIB, which lists the A15’s total cost at an estimated €2 billion.
BAM in pole position for Dutch A12 road
The Dutch construction company has been named preferred bidder for the €260m A12 motorway, in the Netherlands, beating competition from consortia led by DIF and Strabag. Financial close is expected in September.
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