HOCHTIEF Reaches Financial Close for PPP Schools Project in Canada

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• Publié par: hochtief-solutions-ag
• Nombre de lectures: 17
• Langue: English

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HOCHTIEF Reaches Financial Close for PPP

Schools Project in Canada

PR Newswire

ESSEN, Germany, September 26, 2012

ESSEN, Germany

,

September 26, 2012

/PRNewswire/ --

HOCHTIEF consortium to plan, finance, build and maintain twelve further schools

in

Alberta Province

Contract worth approx.

EUR 275.6 m

(

CAD 348.7 m

); 30-year term; HOCHTIEF has

50% share

Group companies Turner Construction and Clark Builders to provide all

construction services

The "ABC Schools Partnership", in which HOCHTIEF Solutions-through its

subsidiaries-and Concert Infrastructure, an infrastructure fund, each have a 50

percent shareholding, has reached financial close for a new schools project in

the Province of

Alberta

. The two partners will plan, finance, build and maintain

twelve schools for 30 years on the basis of a public-private partnership (PPP).

The project is worth

EUR 275.6 million

(

CAD 348.7 million

), with an investment

volume of around

EUR 77.4 million

(

CAD 97.9 million

).

The twelve schools, mainly in southern

Alberta

, will be built over a 22-month

period, and will begin to operate in summer 2014, at which time these

educational facilities will be used by around 6,300 pupils.

The construction services associated with the project will be provided by a

separate project company of the HOCHTIEF subsidiaries Turner Construction

and Clark Builders. Both companies have recently entered into a partnership.

The resulting synergies are an advantage in bidding. "HOCHTIEF meanwhile

benefits sustainably by the close cooperation of its North American subsidiaries,

Turner, Flatiron and Clark Builders. We are now able to offer most of the

tendered services for PPP projects from a single source," emphasized Bernd

Romanski, member of the HOCHTIEF Solutions AG Executive Board.

"The excellent cooperation between the individual teams is a guarantee of

success in bidding for PPP projects in

North America

," adds Peter J. Davoren,

President and CEO of Turner Construction Company.

Following the first contract for ten schools in

Alberta Province

in 2010, and

Northeast Anthony Henday Drive-part of the beltway around

Edmonton

-as of

May this year, the new project is HOCHTIEF's third collaboration with the

government of

Alberta Province

. It was only a few weeks ago that HOCHTIEF

PPP Solutions North America reached financial close for a further major PPP

project in the

USA

with the Presidio Parkway, the southern access road to the

Golden Gate Bridge. With this new project HOCHTIEF Solutions will be

responsible for a total of 123 PPP schools with over 90,000 pupils.

HOCHTIEF

is one of the leading international providers of construction-related

services. With more than 80,000 employees and a sales volume of

EUR 23.28

billion

in FY 2011, the company is represented in all the world's major markets.

The Group's service offering in the fields of development, construction and

operation covers the entire life cycle of infrastructure projects, real estate and

facilities. In this connection, HOCHTIEF focuses on four strategic growth areas:

creating sustainable energy infrastructure, shaping major cities, building state-

of-the-art transportation infrastructure, and contract mining business. With its

subsidiary Leighton (HOCHTIEF share around 54 percent), the Group is market

leader in

Australia

. In the

USA

, the biggest construction market in the world,

HOCHTIEF is the No. 1 general builder via its subsidiary Turner and, with Group

company Flatiron, ranks among the most important players in the field of

transportation infrastructure construction. Because of its engagement for

sustainability, HOCHTIEF has been listed in the Dow Jones Sustainability Indexes

since 2006. Further information is available at http://www.hochtief.com/press.

Downloads of HOCHTIEF press materials:

Photos of HOCHTIEF projects: http://www.hochtief.com/images; TV footage:

http://www.hochtief.com/footage

HOCHTIEF Solutions

consolidates the core business of the HOCHTIEF Group

in

Europe

and in selected regions worldwide. The company plans, develops,

builds, operates and manages real estate and infrastructure facilities.

HOCHTIEF Solutions is the management company of the Group's

Europe

division which employed around 15,000 people around the globe in fiscal 2011.

In many regions and segments, the company is a market and innovation

leader. Further information is available at http://www.hochtief-solutions.com.

Press contact:

Bernd Reuther

Tel.: [phone]

Fax: [phone]

[e-mail]