The E18 Hamina-Vaalimaa PPP in Finland reached financial close on June 9, 2015.
The project involves the construction of a new 32km motorway between Hamina and Vaalimaa, along with a new truck waiting area near Vaalimaa. Construction is expected to be completed in late 2018, and following this, the sponsors in YIT and Meridiam will maintain the motorway for approximately 22 years under the terms of the service agreement.
The funding for the project consists of senior debt from Pohjola, EIB and NIB, and equity from YIT and Meridiam.
On behalf of the senior debt and equity investors, Operis was pleased to provide an audit of the financial model.
