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

  • Vietnam’s new highway works planned
    January 26, 2021
    Vietnam’s new highway works are now being planned.
    Read More
  • Making the U-turn
    August 2, 2012
    Political hostility to a toll road project in Australia has been turned around by the quality and amenity of the project writes Adrian Greeman Cars, trucks and vans were taking to the new EastLink toll road in Melbourne with enthusiasm this July, pleased to try out its 39km route for time and cost savings. As well as the convenience of the uncongested route, drivers were also able to view an extraordinary multi-shaded perspective of transparent green and orange noise wall panels, burnt earth-coloured retai
    Read More
  • Norway’s record breaking undersea road tunnel
    February 25, 2015
    The world's deepest road tunnel is currently in construction near Stavanger in Norway but is only the prelude to even larger projects - report and photographs by Adrian Greeman. Norway's convoluted coastline of fjords and high mountains is famously scenic but also a major problem for transport and connections. The country has long experience of constructing tunnels as a result. Now a series of tunnels underway, or in design, around the oil industry city of Stavanger will stretch its skills more than usual.
    Read More
  • A bridge of hope?
    July 18, 2012
    As Russia prepares for a major Asia Pacific conference in nearly four years' time, the economic climate is felt in other countries in the region. Patrick Smith reports AUS$1 billion-plus suspension bridge is to be built to link the city of Vladivostok in the far east of Russia and Russky Island. Russia's President Dmitry Medvedev has signed an instruction for construction of the 3,150m long bridge, which is intended to provide access to the 24th Asia Pacific Economic Cooperation (APEC) summit, to be held o
    Read More

Highlighted Content