UK-based private equity firm 3i Infrastructure is among investors in a €700m public-private-partnership project to design, build and manage part of the A9 motorway in the Netherlands.
The Directorate-General for Public Works and Water Management of the Netherlands has chosen 3i Infrastructure among the group of investors, which also includes construction companies Ballast Nedam, Fluor and Heijmans.
The four parties are the sole shareholders in the project with a 25 per cent stake each.
The project relates to existing and new infrastructure of the A9 between Diemen and Holendrecht in the Amsterdam region.
The work includes a bridge over the river Gaasp, the road surface n the A9 Gaasperdammerweg and the construction of an overground tunnel approximately 3km long.
The project is valued at €700m including a 20-year management and maintenance period.
3i infrastructure sold a portion of its holding in listed infrastructure company Adani Power following a rally in the price of its shares on June 24 this year.
Copyright © 2014 AltAssets