Press Releases 2007

March 5, 2007

Bilfinger Berger to build and operate highway in Canada:
Financial Close for further concession project with a volume of €290 million

Bilfinger Berger’s Concessions business segment has picked up where it left off in the previous year in terms of new business development: the Company has received an order to design, finance and build a 21-kilometer section of the ring highway around the Canadian city of Calgary. The Group will then take over operation of a section totaling 36 kilometers for a period of 30 years. During this time, Bilfinger Berger will assume responsibility for the availability of the route and will receive an annual payment from the province of Alberta. Investment volume of the project amounts to €290 million and Bilfinger Berger will be investing equity capital of €9 million in the project company, which is wholly owned by the Group.

With the Financial Close for the Calgary Ring Road, Bilfinger Berger has now secured three major privately-financed transport projects in Canada with a total investment volume of €1.1 billion – all within 15 months. The Group will be investing equity capital totaling €51 million in the three projects. As is the case with the Calgary Ring Road, the Golden Ears Crossing near Vancouver and the highway through the Kicking Horse Pass in the Rocky Mountains are both based on availability models, meaning that the private partner assumes the risks from design, construction and maintenance and the Government assumes the risks from traffic volume.