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BAM PPP-PGGM consortium reaches financial close on A94 Forstinning-Marktl in Germany

Bunnik, the Netherlands, 19 January 2016 – The project company Isentalautobahn GmbH & Co. KG, consisting of BAM-PGGM, Eiffage and Berger Bau, together with Autobahndirektion Südbayern (ABDSB) have reached financial close on the Availability Model A94 Forstinning-Marktl in Germany. The total project volume is around €1.1 billion.

The project involves the design, construction, financing and maintenance of the Availability Model A94 which comprises 33 km of greenfield motorway construction with four lanes including hard shoulder between Pastetten and Heldenstein. In addition to the construction of the new motorway the contract also includes the maintenance and the operation of the 77 km long motorway section of the A94 between Forstinning (near Munich) and Marktl (including the newly built section between Pastetten and Heldenstein).

Construction activities will be carried out by BAM’s German civil engineering company Wayss & Freytag Ingenieurbau in cooperation with Berger Bau and Arge Eiffage VI 1 (Wittfeld, Faber Bau, Heinrich Walter Bau). Construction will commence 1 February 2016 with completion expected on 31 October 2019. Maintenance will be provided by a special purpose company consisting of BAM PPP Deutschland, Berger Bau and Eiffage Bau during the 30 years project period.

The financing structure is long term bank funding. The banks involved are the European Investment Bank, KfW IPEX Bank, DZ Bank, DekaBank and Bayerische Landesbank The equity investors are BAM-PGGM Infrastructure Coöperatie U.A., Berger Bau and Eiffage.

Consultants include legal advisers DLA Piper (Sponsors) and Allen & Overy (Lenders) as well as the  financial adviser Bank of Tokyo-Mitsubishi UFJ.



BAM PPP is responsible for Royal BAM Group’s involvement in the PPP market. Operating from offices in Germany, the Netherlands, Belgium, UK and Ireland, BAM PPP is active in the road, rail, education, healthcare, judicial and general accommodation sectors. BAM PPP has reached financial close on 43 projects, with a total capital value of over €7.2 billion.

About PGGM

PGGM is a cooperative Dutch pension fund service provider. Institutional clients are offered: asset management, pension fund management, policy advice and management support. On June 30, 2015 PGGM had €186,6 billion in assets under management. The PGGM cooperative has approximately 700,000 members and is helping them to realize a valuable future. Either alone or together with strategic partners, PGGM develops innovative future solutions by linking together pension, care, housing and work.


Further information:

– BAM PPP: Vicki Harris, +44 (0)141 779 8634;

– Royal BAM Group:

– Press: Arno C. Pronk, +31 (0)30 659 86 23;

– Analysts: Joost van Galen, +31 (0)30 659 87 07.

– PGGM: Maurice Wilbrink, Corporate Communication,+31 (0)30 277 15 00



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