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

  • Philippines’s NEDA to consider two road PPP projects in November
    November 12, 2015
    The National Economic and Development Authority (NEDA) will consider approval of seven Public-Private Partnership (PPP) projects, two of them highways, by the end of this month. The highways are the US$516 million Manila connector road and the $209 million Plaridel toll road. A report by the Manila-based Business World Online newspaper said the deals are worth around US$3.65 billion.
    Read More
  • Challenges of NMT in Nairobi, Dar es Salaam
    September 13, 2016
    Developing safety for non-motorised transport in East Africa - Shem Oirere writes. Despite increasing national budgetary allocations for the road sector in recent years, governments in East Africa have made very low investments in non-motorised transport (NMT). This is despite the fact that both Kenya and Uganda have recently passed a policy on pedestrian and cycling safety. In Kenya, the County government of Nairobi, the country’s capital, has embraced a NMT policy, while in Uganda the government has passe
    Read More
  • Bentley’s Be Inspired Awards highlight innovation in software use
    January 6, 2015
    Innovation, from design to on-site execution, is alive and well, thanks to a good helping of software application. David Arminas reports from software developer Bentley’s annual global conference, held this year in London Successful project delivery is increasingly about hard men and women using software to get the job done and this year’s global conference in London by US-based software developer Bentley highlighted some innovative - and startling - examples. As usual, the Year in Infrastructure 2014
    Read More
  • The UK’s first PFI road project opens
    May 18, 2012
    A new bypass around Carlisle in North West England has opened to the public two months ahead of schedule. The Carlisle Northern Development Route (CNDR) starts from the Wigton Road (A595) to the south west of Carlisle, follows a route around the west of the city crossing the River Eden on a new bridge near Stainton and the West Coast Main Line on a new two-lane bridge constructed at Kingmoor. The road layout allows easier access to West Cumbria from the roundabout at Junction 44 of the M6 rather than havin
    Read More

Highlighted Content