Bilfinger Berger awarded major public private partnership project in Australia

October 13, 2011

October 13, 2011

Bilfinger Berger awarded major public private partnership project in Australia

Bilfinger Berger has been awarded the contract for a major public private partnership project in Australia. The project, being delivered on behalf of the Northern Territory Government, comprises the design, financing and construction of the Darwin Correctional Precinct as well as operation of the facility over a period of 30 years. Investment volume for the order is in the mid three-digit million range, exact figures are not being disclosed at the request of the client. Bilfinger Berger Project Investments holds a 50 percent stake in the project company and is to invest approximately €30 million. The Darwin Correctional Precinct represents the third prison project in Australia that Bilfinger Berger has been awarded to deliver under a public private partnership.

“The successful close shows that we continue to encounter strong demand in our international PPP markets”, said Roland Koch, Chairman of the Executive Board at Bilfinger Berger SE. The new precinct will replace the existing outdated prison at Berrimah and will include an 800 bed men and women’s correctional centre, with provision for an additional 200 beds for future expansion, a 30 bed secure Mental Health and Behavioural Management Centre and a 48 bed Supported Accommodation and Program Centre. The facilities are designed to support enhanced rehabilitation, education and reduced reoffending rates through the modernization of correctional facilities and mental health management.

Bilfinger Berger operates roads, schools, hospitals and other public facilities in its core markets of Australia, Canada, the United Kingdom and Continental Europe. The company’s entire privately-financed portfolio now consists of 31 projects with a total volume of approximately €8.1 billion and an equity commitment of €392 million. Plans call for up to 19 of these projects to be placed in a publicly-listed fund and for future projects to be offered for sale to the fund once they enter the operating phase.

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