Fluor
Corporation (NYSE: FLR) announced today that the 3Angle B.V. special
purpose company, comprised of Fluor, 3i Infrastructure and Heijmans
Capital, reached financial close with the Dutch government for the
A27/A1 public private partnership (PPP) project in the Netherlands. The
project is valued at more than $246 million, which includes a 25-year
management and maintenance period. Fluor will book its portion of the
award in the fourth quarter of 2016.
3Angle is responsible for the financing, design, construction,
management and maintenance of the reconstruction of the A27 motorway
between Utrecht North and the Eemnes Junction, as well as the A1
motorway between the Eemnes Junction and the Bunschoten-Spakenburg
interchange. Fluor and Heijmans will provide engineering, procurement,
construction (EPCM) services and operations and maintenance during the
operational phase with equal shares.
“Fluor and our partners are pleased to have achieved financial close on
this important upgrade project,” said Hans Dekker, president of Fluor’s
Infrastructure business. “We look forward to using our PPP
infrastructure and design build expertise to successfully deliver this
project with cost and schedule certainty.”
The financing consists in part of loan capital and in part equity. The
loan was made available by DZ Bank AG; ING Belgium SA/NV; KBC Bank NV;
Nederlandse Waterschapsbank N.V. and Sumitomo Mitsui Banking
Corporation. KBC Bank also serves as the agent for the financiers. The
three 3Angle shareholders provided equal shares of the equity.
The Directorate-General for Public Works and Water Management of the
Netherlands [Rijkswaterstaat] is undertaking the project to improve
safety and traffic flow on the A27 and A1 motorways while respecting the
surrounding natural environment. The project includes widening the A27
motorway to two three-lane traffic lanes; widening the A1 motorway to
two four-lanes and increasing capacity at the A27/A1 connecting curve
within the Eemnes Junction. Construction is due to be completed by the
end of 2018 when the 25-year maintenance period will commence.
About Fluor Corporation
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,
roads and civil engineering in the areas of 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 realises projects for private consumers, companies and public
sector bodies. With almost 6,500 employees and close to €950 million in
revenues in the first half of 2016, 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 authorised and regulated in
the UK by the Financial Conduct Authority and acts as Investment Adviser
to 3i Infrastructure plc.
Fluor CorporationGlobal Media RelationsBrian Mershon, 469-398-7621orBrett Turner, 864-281-6976orInvestor RelationsGeoff Telfer, 469-398-7070orJason Landkamer, 469-398-7222orEAME Media RelationsJanet Kearns, +44 1252 292039/+44 7802 373466