Fluor Corporation (NYSE: FLR) announced today that the
Directorate-General for Public Works and Water Management of the
Netherlands Rijkswaterstaat has announced its intention to appoint IXAS
Zuid-Oost, a consortium consisting of Fluor, Ballast Nedam, Heijmans and
3i Infrastructure plc, as the selected bidder for the
public-private-partnership (PPP) project A9 Gaasperdammerweg in the
Netherlands. The project includes the design, build, management,
maintenance and financing of the existing and new infrastructure of the
A9 motorway between Diemen and Holendrecht. The project has a total
nominal value of approximately $945 million (€700 million), including a
20-year management and maintenance period after the new infrastructure
becomes available.
The project consists of all the work to be performed in connection with
the reconstruction and expansion of the A9 motorway between the
junctions of Holendrecht and Diemen in the region of Amsterdam,
including the bridge over the river Gaasp, the road surface on the A9
Gaasperdammerweg and the construction of an approximately
three-kilometer cut-and-cover tunnel.
Ballast Nedam, Fluor, Heijmans and 3i Infrastructure plc will be the
sole shareholders in the project, with an equal share each. Ballast
Nedam, Fluor and Heijmans will participate in the construction and
operation phase with an equal share of one third each.
Rijkswaterstaat expects the final award of the project on August 19,
2014, after the expiration of the Alcatel period.
About Ballast Nedam
Ballast Nedam targets its strategic focus at successfully acquiring and
carrying out integrated projects in the working areas of housing,
mobility, energy and nature in the Netherlands and internationally. We
will expand related activities in niche markets and work on projects
where we can make a difference for the client with our expert knowledge
and skills. Ballast Nedam applies a differentiated market approach for
its three divisions.
With further industrialization of the building process through the use
of innovative modular concepts and standardization Ballast Nedam creates
enduring quality at the lowest possible life cycle costs for its clients
and society. The Ballast Nedam share is included in the Amsterdam Small
Cap Index (AScX) of NYSE Euronext. www.ballast-nedam.com
About Heijmans
Heijmans is a listed company that combines activities related to real
estate development, residential building, non-residential building,
technical services and infrastructure. Heijmans is active in the
Netherlands, Belgium and Germany. Our focus on an integrated approach
and high-quality execution creates added value for our customers.
Heijmans realizes integrated, innovative projects for large customers,
such as companies and government organisations, and homes for investors
and consumers. With over 7,400 employees and € 2.1 billion in revenues
in 2013, we are building the spatial skylines of tomorrow.
3i Infrastructure plc
3i Infrastructure plc is a Jersey-incorporated, closed-ended investment
company, listed on the London Stock Exchange and regulated by the Jersey
Financial Services Commission. The Company is a long-term investor in
infrastructure businesses and assets. Its strategy is to maintain a
balanced portfolio of investments in order to deliver stable returns to
its shareholders, through a mix of income and capital appreciation. Its
objective is to provide shareholders with a total return of 10% per
annum and, within that overall objective, it targets an annual
distribution yield of 5.5%. The Company’s market focus is on core
economic infrastructure in developed economies, principally in Europe,
in the utilities and transportation sectors, investing in operational
businesses which generate long-term yield and can provide capital
growth. It also has investments in social infrastructure and is building
its exposure to primary PPP and renewable energy projects. 3i
Investments plc, a wholly-owned subsidiary of 3i Group plc, is
authorised and regulated in the UK by the Financial Conduct Authority
and acts as Investment Adviser to 3i Infrastructure plc.
About Fluor Corporation
Fluor Corporation (NYSE: FLR) is a global engineering and construction
firm that designs and builds some of the world's most complex projects.
The company creates and delivers innovative solutions for its clients in
engineering, procurement, fabrication, construction, maintenance and
project management on a global basis. For more than a century, Fluor has
served clients in the energy, chemicals, government, industrial,
infrastructure, mining and power market sectors. Headquartered in
Irving, Texas, Fluor ranks 109 on the FORTUNE 500 list. With more than
40,000 employees worldwide, the company's revenue for 2013 was $27.4
billion. Visit Fluor at www.fluor.com
and follow on Twitter @FluorCorp.
Copyright Business Wire 2014