- Long term investment financing under a Public Private Partnership
- pbb and NGE join forces to implement road project
Munich/Paris, 5 July 2017 – Following an 18-month tender process (“competitive dialogue”) the French civil engineering and construction company NGE and the Can-tal Département in central France have signed a Public-Private-Partnership (PPP Contract) to finance, design, build and maintain a new two-lane bypass of c. 7 km near the city of Saint Flour. The signing occurred earlier in 2017.
The PPP Contract has a term of up to 21,5 years. In total it amounts to €29 million. Within the scheme, pbb acts as lead arranger and sole lender of a €14 million long term financing. The project is supported by the Région Auvergne-Rhône-Alpes which has contributed a €15 million subsidy as part of the Région’s public commit-ment to revitalising rural areas.
This project is a response to the Cantal Département’s core objectives. These in-clude alleviating traffic problems and environmental/noise concerns during peak tourism season, improving living conditions of local residents and enhancing the road connections with the A75 highway (connecting Clermont-Ferrand to Montpel-lier).
NGE is an independent French company active in the building and construction sec-tor and a strong player in the construction of major infrastructure projects.
Jean Christophe, Head of Public Investment Finance and General Manager of the French branch of pbb Deutsche Pfandbriefbank, said: “We are glad to have been able to support NGE bid for this PPP project, NGE being a long standing client of pbb. pbb is also delighted to support the Cantal Département with this key ring road infrastructure. This kind of long-term public infrastructure project is perfectly aligned to pbb’s commercial strategy and our significant in-house expertise.”
pbb Deutsche Pfandbriefbank
Corinne Descours, +33 (0)4 90 91 61 16, cdescours(at)nge.fr