Consortium including Macquarie wins €1bn Dutch PPP

The group is to build the A24 Blankenburgverbinding, connecting two highways near Rotterdam.

A consortium comprising Dutch developer Ballast Nedam, Belgium’s DEME and Sydney-based Macquarie Capital has been awarded a €1 billion tunnel project in the Netherlands.

Rijkswaterstaat, the Dutch government body responsible for managing the country’s infrastructure, said it intended to award the A24 Blankenburgverbinding to the group following a mandatory standstill period.

The tender process for the project, which would see BAAK Blankenburg-Verbinding design, build, finance and maintain the tunnel for 20 years, was launched in June 2016.

The A24 will connect the A15 and A20 highways near Rotterdam while widening parts of the A20. The tunnel, made of zinc and running above ground, will run from north to south under the Het Scheur, a branch of the Rhine-Meuse delta.

The project is part of the 2009 Rotterdam Forward Masterplan, which aims to redevelop the region over the next two to three decades, reducing congestion in the process.

Work on the tunnel is expected to begin in 2018, with the project completed between 2022 and 2024.