Press Releases 2010

May 6, 2010

Success for Bilfinger Berger in Australian PPP business

Bilfinger Berger has added another milestone to its ongoing global success story in privately-financed concession projects. As part of a public-private partnership, the services and construction Group will expand a correctional facility in the city of Ararat in the Australian state of Victoria.

A consortium led by Bilfinger Berger Project Investments will design, finance and build the new facility expanding the capacity by 358 prisoners and, once completed, will then maintain the complex for a period of 25 years. The Group holds a 50-percent share in the project company. The other half is held by the Commonwealth Bank of Australia, the country’s largest financial services provider. Total investment volume amounts to about €190 million and Bilfinger Berger will make an equity commitment of about €17 million.

The prison in Ararat is the fourth PPP project for Bilfinger Berger in the Australian state of Victoria. At the beginning of this year, a project company led by Bilfinger Berger Project Investments was awarded the contract for the financing, design, construction and operation of the Peninsula Link highway. The two other projects, a hospital and an additional correctional facility, are already in operation. The Company is investing equity totaling more than €70 million in Australia. The concessions portfolio now comprises 28 projects with an equity investment totaling €381 million.