Mott MacDonald appointed lenders’ technical advisor for €101 million highway PPP project, Belgium
Mott MacDonald has been retained as lenders’ technical advisor for a €101 million highways development in Gent, Belgium. The project is being funded through a public private partnership (PPP) by Via R4 Gent¹, a special purpose vehicle established to carry out the design, construction, financing and maintenance of the highway.
The project includes the construction of 4km of eastbound carriageway, consisting of two running lanes and an emergency lane, as well as a number of junction improvements associated with the R4 ring road in the south of Gent and its connectivity with the E17 and E40 motorways. These improvements include roundabouts, slip roads, and new underpasses for vehicles, pedestrians and cyclists as well as four new bridges over canals to improve accessibility and assist future development of land in the southern parts of the city.
Mott MacDonald’s role includes monitoring construction and providing regular progress reports to the lenders. This follows the consultancy’s earlier due diligence role on the project, supporting it through to financial close.
Ido Croese, Mott MacDonald’s project director said: “Mott MacDonald has provided due diligence and technical reports for the lenders, helping the project reach financial close. As the project now enters the next phase we will use our experience to ensure that the project stays on programme and budget. We will do this by combining the knowledge and technical expertise of our staff in the Netherlands and in the UK.”
“This project builds on our previous infrastructure experience in Benelux as lenders’ technical advisor, having worked on the A12 motorway, A15 motorway and the second Coentunnel in the Netherlands and Brabo 1 tram line, the Liefkenshoek rail tunnel and Kempen North-South link in Belgium. With future projects being proposed we are well placed to continue our success in this region,” Ido added.
Construction of the road is scheduled to be completed by the end of 2014.
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About Mott MacDonald
Mott MacDonald is a global management, engineering and development consultancy with more than 14,000 staff, £1 billion revenue and work in 140 countries for the public and private sectors. For 6 consecutive years the employee-owned company has featured in the Sunday Times 25 Best Big Companies to Work For survey. Mott MacDonald’s core business sectors cover buildings, transport, energy, water, environment, health, education, industry, oil and gas, communications and international development.
More information can be found at http://www.mottmac.com/