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Add to Preferred SourcesKfW IPEX-Bank is financing the reinforcement of the Afsluitdijk Project in the Netherlands in cooperation with four other commercial banks and the European Investment Bank (EIB).
Within the framework of a complex PPP financing structure, the banks are together providing borrowed funds of around EUR 815 million for the major project. KfW IPEX-Bank is making some EUR 124 million available. The total investment volume is valued at around EUR 830 million.
“We are very pleased to be a part of this crucial infrastructure project,” commented Andreas Ufer, member of the Management Board of KfW IPEX-Bank. “In the Netherlands and other European countries, PPP is a proven and successful procurement option – thanks to the cooperation between public and private project stakeholders, measures of this kind can be implemented in an economically sustainable way.”
Supporting PPP projects for the development and preservation of social and business infrastructure in Germany and Europe is part of KfW IPEX-Bank’s core business. Over the past few years, the bank has been involved in a number of PPP projects, both in Germany and other European countries such as France, the United Kingdom and the Netherlands.
Original source: KFW
Published on 30 May 2018