IRVING, Texas & AMSTERDAM--(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.
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.
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.