The Zaanstad Prison PPP project reached financial close on September 27, 2013.
This EUR400 million project involves the development of a 50,000 square foot correctional facility in the Zaanstad region of The Netherlands. Once completed, it will comprise 624 two-person cells.
It is the first project to utilise the PEBBLE-Commute financing structure developed by ING and NIBC, in which a credit enhancement facility paves the way for a majority funding by institutional investors.
Having previously worked on the project at bid stage, Operis completed a formal audit of the financial close model for the sponsors Ballast Nedam, which included attendance at the financial close in Amsterdam.
Further information on Operis:
Operis is a leading advisor in project and infrastructure finance, renowned for its financial modelling and model auditing expertise and financial structuring advice. The firm has been mandated by the leading investment banks, infrastructure funds, bond arrangers and guarantor bodies around the world. This experience covers over 700 projects and other funded transactions worldwide.
Paul Myers – Managing Director
+44 (0)20 7562 0400