Fluor Consortium Named Preferred Bidder for A27/A1 Public Private Partnership Project in the Netherlands
June 30 2016 - 7:22AM
Business Wire
Fluor Corporation (NYSE:FLR) announced today that it is part of
the 3Angle consortium, a special purpose company selected as the
preferred bidder by the Dutch government for the A27/A1 public
private partnership (PPP) project in the Netherlands.
The Directorate-General for Public Works and Water Management of
the Netherlands [Rijkswaterstaat] selected the 3Angle consortium,
comprised of Fluor, Heijmans Capital and 3i Infrastructure, for the
design, build, management, maintenance and financing of existing
and new infrastructure of the A27 motorway between Utrecht and
Hilversum and the A1 between Utrecht and Bunschoten-Spakenburg. The
project has a total value of approximately €220 million and
includes a 25-year management and maintenance period.
“Fluor has 15 years of experience working on significant PPP
infrastructure projects in the Netherlands and we look forward to
using this expertise to successfully deliver this important upgrade
project,” said Hans Dekker, president of Fluor’s Infrastructure
business.
The A27 project will improve safety and traffic flow by widening
the motorway from two to three lanes and widening the A1 motorway
from two to four lanes. The project will also reduce congestion and
enhance the quality of life in surrounding communities.
Construction is due to be completed in 2019.
Fluor, Heijmans Capital and 3i Infrastructure will be the sole
shareholders in 3Angle, each with an equal 33.3 percent share.
Fluor and Heijmans will also participate in the engineering,
procurement, construction (EPCM) and operation phase with equal
shares.
Financial close is targeted for October 2016.
About Fluor
Fluor Corporation (NYSE:FLR) is a global engineering,
procurement, fabrication, construction and maintenance company that
designs, builds and maintains capital-efficient facilities for its
clients on six continents. For more than a century, Fluor has
served our clients by delivering innovative and integrated
solutions across the globe. With headquarters in Irving, Texas,
Fluor ranks 155 on the FORTUNE 500 list with revenue of $18.1
billion in 2015 and has more than 60,000 employees worldwide. For
more information, please visit www.fluor.com or follow us on
Twitter @FluorCorp.
About Heijmans
Heijmans is a listed company that combines activities related to
property development, residential building, non-residential
building and infrastructure in the working areas living, working
and connecting. Heijmans is active in the Netherlands, Belgium and
Germany and as a technology partner delivers know-how and concepts
in various markets. Our constant focus on quality improvements,
innovation and integrated solutions enables us to generate added
value for our clients. Heijmans realizes projects for private
consumers, companies and public sector bodies. With over 6,500
employees and almost €2.0 billion in revenues in 2015, we are
building the spatial contours of tomorrow. You will find additional
information on www.heijmans.nl.
About 3i Infrastructure
3i Infrastructure is a Jersey-incorporated, closed-ended
investment company, listed on the London Stock Exchange and
regulated by the Jersey Financial Services Commission. The Company
is a long-term investor in infrastructure businesses and assets.
The Company’s market focus is on economic infrastructure and
greenfield projects in developed economies, principally in Europe,
investing in operating businesses and projects which generate
long-term yield and capital growth.
3i Investments plc, a wholly-owned subsidiary of 3i Group plc,
is authorized and regulated in the UK by the Financial Conduct
Authority and acts as Investment Adviser to 3i Infrastructure
plc.
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Fluor CorporationGlobal Media Relations:Brian Mershon,
469-398-7621orBrett Turner, 864-281-6976orInvestor Relations:Geoff
Telfer, 469-398-7070orJason Landkamer, 469-398-7222orEAME Media
Relations:Janet Kearns, +44 1252 292039 or +44 7802 373466
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