BAM-PGGM and VolkerWessels-DIF
(Translation of original Dutch press release of Rijkswaterstaat:) Utrecht, the Netherlands, 21 August 2015 – After a lifetime of almost 100 years, the Northern lock in IJmuiden needs replacement. Rijkswaterstaat (the Dutch Highways and Waterways Agency) has awarded the construction of the new IJmuiden sea lock, which is located at the entrance to the North Sea Canal, officially to the Consortium OpenIJ. This consortium, consisting of BAM-PGGM and Volker Wessels-DIF will be responsible for design, construction, financing and maintenance of the new lock for a period of 26 years.
A new, larger lock system will improve the accessibility of the port of Amsterdam and stimulate the local economy by offering space to the growing ships independent of the tidal levels. The new lock will be 70 meters wide, 500 meters long and 18 meters deep. Construction will start early 2016 and the new lock will be available for shipping at the end of 2019.
Rijkswaterstaat, the Province of North Holland, the City of Amsterdam, Port of Amsterdam NV and the Municipality of Velsen work together in the realization of this new large sea lock at IJmuiden. This project is co-funded by the TEN-T programme of the European Union.
The new IJmond sea entrance is part of Rijkswaterstaat’s Locks Programme.
OpenIJ is formed by the participants BAM-PGGM and VolkerWessels-DIF. After contract close all construction activities will be carried out by BAM and VolkerWessels. The dredging activities will be carried out by subcontractors Van Oord and Boskalis.
Royal BAM Group is a European construction group with operating companies in its two business lines Construction and property and Civil engineering, and in the field of Public Private Partnerships. BAM is currently constructing two new sea locks in Antwerp (in joint venture) and Brunsbüttel. Worldwide BAM carries out specialist construction and civil engineering projects. BAM has 23,000 employees and revenues of EUR 7.3 billion (2014). www.bam.nl
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 EUR 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. www.pggm.nl
VolkerWessels is a Dutch construction group with 120 operating companies. We have branches in the Netherlands, the United Kingdom and Canada/United States in three divisions: Construction & Real Estate, Infrastructure and Energy & Telecoms. VolkerWessels and its 15,000 employees have the right solution when it comes to living, work, mobility and energy & telecom. We develop, design, build, finance, manage, operate and maintain. We develop, design, build, finance, manage and operate. We do this for our stakeholders: customers, employees, shareholders, suppliers and society in general. VolkerWessels is a company that exploits opportunities and introduces sustainable innovations. www.volkerwessels.com.
DIF is an independent Dutch investor in infrastructure projects which manages EUR 2.8 billion of funds. Through targeted investment funds DIF offers its investors access to highly qualified infrastructure projects that generate stable cash flows in the long term, such as public private partnership (PPP) and renewable energy projects. DIF is active in Europe, North America and Australia, and has offices in Amsterdam, Frankfurt, London, Paris, Madrid, Toronto, Sydney and Luxembourg. www.DIF.eu