On October 17, 2018, the €1 billion Blankenburg Tunnel PPP project reached financial close. The DBFM project comprises a three-lane highway between two existing highways, a c.500m land tunnel, a c.900m immersed tunnel under the Nieuwe Maas River and two major flyovers, linking the A15 and A20 roads in Rotterdam. It is the largest PPP project awarded in the Netherlands to date.

The senior funding was secured from commercial floating rate lenders Belfius, BNG, KBC, Korea Development Bank, KfW and SMBC, and fixed rate institutional lenders MEAG, Natixis and Samsung Life Insurance. The funding for this project includes a loan from the European Investment Bank, as part of the European Fund for Strategic Investments.

Operis were pleased to again work with the BAAK consortium – comprising Macquarie Capital, Ballast Nedam and DEME – in undertaking the formal audit of the financial model, having worked previously on the project at bid stage.

CONTACT US

Please get in touch with either of our regional offices.

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Erwan Fournis
Global Head of Financial Advisory

+44 207 562 0444

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Carmen Wade
Financial Advisory, Head of North America

+1 647 243 3840

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Jun Tao
Global Head of Model Audit & Financial Modelling

+44 207 562 0428

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Mark Southall
Associate Director - Model Audit & Financial Modelling

+1 647 846 7384

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Philip Allen
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Operis Europe

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+44 207 562 0400
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Operis North America

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+1 647 846 7382
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CONTACT US

Discuss your requirements with us

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Erwan Fournis
Global Head of Financial Advisory

+44 207 562 0444

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Chris Aldred
Director

+44 207 562 0433

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