Bilfinger Berger on track to win Australian road

The Southern Way consortium, comprising Bilfinger Berger, Abigroup and RBS, has been named preferred bidder for the €550m Peninsula Link – a 25-kilometre road near Melbourne. The winner will receive availability payments from the Australian authorities.

Australia’s Victoria State government has named a Bilfinger Berger/Abigroup/Royal Bank of Scotland consortium as the preferred bidder for a road public-private partnership (PPP) near

Melbourne:
improving traffic
flow through PPPs

Melbourne.

The 25-kilometre Peninsula Link Highway PPP aims to improve the traffic connection to the Mornington Peninsula, southeast of Melbourne. It will require the future concessionaire to invest a total of €550 million in the project.

The concession contract will be valid for 25 years during which the winner will receive availability payments from the government.

Availability payments are agreed-upon instalments which allow the authorities to regulate payments to the consortium if it does not fulfil certain contractual parameters.