BAM, PGGM and Habau win German A10-A24 contract

A consortium of BAM-PGGM and HABAU has been appointed preferred bidder for extension of Germany’s A10-A24 motorway from Neuruppin to Pankow, near Brandenburg. The public-private partnership deal covering nearly 65km is worth around €1 billion over the 30 years of the contract, according to infrastructure project management company DEGES.
December 20, 2017 Read time: 2 mins
Havellandautobahn - BAM and Habau - win German A10-A24 work (photo courtesy DEGES)

A consortium of 7456 BAM-PGGM and HABAU has been appointed preferred bidder for extension of Germany’s A10-A24 motorway from Neuruppin to Pankow, near Brandenburg.

The public-private partnership deal covering nearly 65km is worth around €1 billion over the 30 years of the contract, according to infrastructure project management company DEGES.

DEGES awarded the contract to the Havellandautobahn consortium, consisting of Dutch construction company BAM, Dutch pension fund PGGM and Austrian construction company Habau. The design, build, finance, maintain and operate contract is an availability model in which operator compensation is linked to the availability of the route.

Work includes a 30km six-lane expansion of the A10 between the Havelland and Pankow triangles and a 30km-rehabilitation of the A24 between the Neuruppin and Kremmen junctions, creating four lanes and an extended hard shoulder.

Renovation will cover 51 bridges - 37 of them will be new-build. Assets to be built include noise protection walls, traffic sign bridges, traffic management installation, interchanges, rest areas and secondary and agricultural roads.

Construction will be carried out by BAM’s German civil engineering company 5907 Wayss & Freytag Ingenieurbau in cooperation with HABAU. Maintenance operations for the duration of the contract will be carried out by BAM PPP and HABAU.

Equity partners for the project are BAM PPP PGGM Infrastructure Coöperatie (70%) and HABAU (30%). BAM PPP is an operating company of global construction and services group Royal BAM and operates in the five European countries - Netherlands, Belgium, UK, Ireland, Germany.

The A10-A24 deal is the first of 11 projects under the federal German government’s “new generation” of infrastructure public-private partnership projects launched in 2015.

Finance & Funding

For more information on companies in this article

Related Content

  • BAM wins motorway deals in The Hague and Munich
    December 7, 2015
    The Dutch city of The Hague has awarded a BAM joint venture with a €300 million design, construction and maintenance contract for a 4km city road. The new connecting road will run between the motorway at the Ypenburg interchange, A4 and A13, and The Hague’s Central Zone of Binckhorst-Centrum-Scheveningen. Construction will start in mid-2016 and the road is expected to be open by early 2020. The Rotterdamsebaan will make The Hague and its immediate region better accessible by connecting the A4 /A13
    Read More
  • BAM and Iridium get the green light Ross link road in Ireland
    December 15, 2014
    The BAM PPP PGGM and Iridium consortium has been named preferred bidder for the N25 New Ross Bypass project in the Irish Republic. The US$270 million (€217 million) contract - Design, Build, Finance, Maintain and Operate - involves 13.6 km of dual carriageway on the N25 and N30 routes and 1.2 km of the carriageway New Ross N30 route. Construction is expected to support around 300 jobs across Ireland and will be undertaken by a joint venture of BAM Civil and civil engineering firm Dragados. The road will
    Read More
  • BAM half year results show jump in pre-tax profit
    August 19, 2016
    Dutch construction and related services group Royal BAM posted improved half-year results, despite Britain’s decision to leave the European Union. Half-year results to June showed pre-tax profit to €45 million, up from €4 million the previous year. However, group revenue slipped back €3.4 billion, down from around €3.5 billion. Construction and mechanical & electrical services suffered a €23.8 million loss, blamed on poor trading in Germany. But civil engineering and property helped profitability.
    Read More
  • Netherlands: BBV24 consortium to appeal Blankenburg Tunnel deal
    September 27, 2017
    In the Netherlands, the consortium of BBV24 is appealing the awarding of the Blankenburg Tunnel construction contract to another consortium, BAAK Blankenburg-Verbinding. BAAK Blankenburg-Verbinding – consisting of Dutch construction firm Ballast Nedam, Belgian dredging company Deme and Australian investment bank Macquarie – won the contract earlier this year.
    Read More

Highlighted Content