Bilfinger Berger to
In related news, Erfurt, another city located in the eastern part of Germany has also awarded a public-private partnership (PPP) contract to the developer for the demolition and construction of a sports facility with a capacity for 1,500 spectators.
Once the work on the schools and the sports facility is completed, the group will operate both projects over a period of 20 and 25 years respectively.
According to a press release, the two contracts will require a total investment of €20m. However, the company could not be reached for further funding details.
Bilfinger Berger has previously delivered municipal, educational and sports facilities on a PPP basis in Germany with a total investment volume of €75 million.
The company’s overall privately financed portfolio comprises 29 projects with a total investment volume of €7.6 billion and an associated equity commitment of €407 million. In addition to Germany, core markets include other European countries, Australia and Canada.