Pi2 Consortium to be Selected for Penitentiary Zaanstad Public Private Partnership Project

The Netherlands Government Buildings Agency intends to select the consortium Pi2 - a partnership between Ballast Nedam and Royal Imtech - as the selected bidder for the public private partnership (PPP) project Penitentiary Zaanstad (new building).

The project includes the design, construction, maintenance, financing and facilities management of the new penitentiary on Hoogtij in Zaanstad, The Netherlands.

The contract has a 25 years' term starting from mobilization and a total nominal project value of around € 300 million.

Ballast Nedam is the sole shareholder of Pi2. Ballast Nedam (65%) and Royal Imtech (35%) participate together in the Design, Build, Maintain and Operate phase. The funding - part of which institutional - will be provided by ING and NIBC. The final award of the project is planned for Monday 22 July 2013.

Ballast Nedam engages in integrated projects in The Netherlands in four areas of work: housing, mobility, energy and nature. Within this area we focus on the niche markets: industrial construction, offshore wind turbines, secondary raw materials and alternative fuels. In a number of areas of expertise, we also operate internationally. The Ballast Nedam share is included in the Amsterdam Small Cap Index (AScX) of NYSE Euronext.

Ballast Nedam's approach is based on life cycle thinking and acting: we develop, construct, manage and recycle. We are involved in long-term management, maintenance and operation of projects and organize financial feasibility. Our supply and specialized companies deliver competitive edge through innovation, cost leadership and purchasing strength. Ballast Nedam's range of services is shifting towards modular products and specific product-market combinations with greater added value.

Ballast Nedam creates enduring quality combined with lower life cycle costs for its customers and society. http://www.ballast-nedam.com

Royal Imtech is a European technical services provider in the fields of electrical solutions, ICT (information and communication technology) and mechanical solutions. With 29,000 employees, Royal Imtech achieves annual revenue of approximately 5.4 billion euro. Royal Imtech holds attractive positions in the buildings and industry markets in the Netherlands, Belgium, Luxembourg, Germany, Austria, Eastern Europe, Sweden, Norway, Finland, the UK, Ireland, Turkey and Spain, the European markets of ICT and Traffic as well as in the global marine market. In total Royal Imtech serves 24,000 customers. Royal Imtech offers integrated and multidisciplinary total solutions that lead to better business processes and more efficiency for customers and the customers they, in their turn, serve. Royal Imtech also offers solutions that contribute towards a sustainable society - for example, in the areas of energy, the environment, water and traffic. Royal Imtech shares are listed on the NYSE Euronext Amsterdam, where Royal Imtech is included in the AEX Index. http://www.imtech.com

Source: http://www.ballast-nedam.com/

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