The B4 Maissau Bypass PPP project in Austria reached financial close on 15 July 2010. The project involves the planning, construction and maintenance of the B4 Maissau that will link Ravelsbach and Amelsdorf.
Milestone payments will be provided by the Lower Austria State Authority during the construction phase of the project and availability payments are to be received throughout the 27.5 year contract period. Senior debt is to be provided by Raiffeisen Landesbank Oberoesterreich Aktiengesellschaft and HYPO Investmentbank AG.
Heinrich & Mortinger acted as financial advisor to the consortium, comprising HABAU Hoch- und Tiefbaugesellschaft and Gebrüder Haider Bauunternehmung. Operis provided financial model audit services on behalf of the authority, the lenders and the sponsors.