Hochtief buys out Bilfinger to take control of Herren Tunnel Lubeck

Global infrastructure group Hochtief has acquired the 50% of shares in Germany’s Herren Tunnel Lübeck toll road from industrial services provider Bilfinger. The acquisition brings Hochtief’s ownership to 100% and full operational control of the 30-year public-private partnership between Hochtief Solutions and Bilfinger Berger Project Investments. A contract with the project company Herrentunnel Lubeck, 50-50 joint venture, was signed in March 1999 and construction started in October 2001.Herrentunnel
March 14, 2016 Read time: 2 mins
Picture courtesy of Hochtief
Global infrastructure group 981 Hochtief has acquired the 50% of shares in Germany’s Herren Tunnel Lübeck toll road from industrial services provider Bilfinger.

The acquisition brings Hochtief’s ownership to 100% and full operational control of the 30-year public-private partnership between Hochtief Solutions and Bilfinger Berger Project Investments.

A contract with the project company Herrentunnel Lubeck, 50-50 joint venture, was signed in March 1999 and construction started in October 2001.Herrentunnel Lubeck planned, financed and built the project and is operating the tunnel until 2035 when it will be handed over to the Hanseatic City of Lubeck

The 1km tunnel in Lubeck, northern Germany, cost around €78.5 million and is one of Germany’s first toll roads. It is part of the 2.1km toll road that runs under the Trave River. The tunnel replaced a bascule bridge over the Trave River which was not fully functional at the time.

A statement by Hoctief in 2005 said that the total investment was €176 million, of which the German federal government contributed €90 million - the same for construction and maintenance of a new bridge.
Finance & Funding

For more information on companies in this article

Related Content

  • Portsmouth bridge gets cash boost
    December 17, 2012
    Major improvements are planned to tackle a traffic bottleneck on the Northern Road Bridge in Portsmouth, on the English south coast, after the government pledged €13.73 million [£11 million] for the project. The Department for Transport has given final approval to the scheme which will see work on a replacement bridge over the Portsmouth to London railway line at Cosham. The original bridge was built to carry a dual carriageway road but is now too weak to do so. Traffic has been restricted to a single lane
    Read More
  • Blasting starts for Fiskefjord Tunnel
    October 17, 2023
    The 9.7km Fiskefjord Tunnel will be the longest tunnel within the public-private E10/rv 85 project in northern Norway.
    Read More
  • Mini-bridge aids Forth repairs
    July 17, 2012
    An engineering "first" means that rehabilitation work on a vital Scottish bridge built over 40 years ago can be carried out smoothly A new report to the Forth Estuary Transport Authority (FETA) in Scotland recommends appointing Balfour Beatty Civil Engineering of Edinburgh as 'preferred bidder' to carry out the scheduled replacement of the bridge's main expansion joints in 2009. However, the report to the bridge authority says the tender price of £13.7 million (US$21.3 million) is some £5 million ($7.8 mill
    Read More
  • Sandvik’s Turkish delight at groundbreaking tunnel vision
    May 20, 2014
    Turkey’s longest, and what will be the world’s fourth longest, highway tunnel is being built under Mount Ovit in the northeast of the country. Sandvik Construction is playing a vital role in the construction of the giant new structure, which will enable all-year-round access to what is a relatively remote and often snow-blocked part of Anatolia Having had their freedom of movement blighted for many years by wintertime snow blocking the D925 highway, along with narrower roads and passes, at Mount Ovit, resi
    Read More

Highlighted Content