The concession agreement for the missing section of the A150 motorway has been signed by the French State and the concession-holder Albea, which consists of two groups - Fayat and NGE, the InfraVia fund and the Société Financière A150 financial company.
The Rouen-Le Havre motorway link to the north of the River Seine will be fully operational in 2015 thanks to the new Ecalles-Alix-Barentin section. The concession for this stretch of motorway has been awarded to Albea.
Albea, the concession-holder for the A150 motorway, has been specially formed for this concession by the two construction groups NGE and Fayat, the InfraVia fund and the Société Financière A150 financial company (in which the Luxembourg-based fund TIIC is a shareholder).
The concession contract, entered into with the French State for a 55-year period, concerns the financing, design, building, operation and maintenance of a 2 x 2 lane motorway linking the existing sections of the A150 motorway to the south and the A29 to the north, over an18 kmsection. The project includes the construction of a civil engineering structure: the 470-metre long Austreberthe Viaduct.
In a particularly uncertain financial environment, Albea has managed to gather the funding required for the execution of this project - approximately €230 million, corresponding to €80 million of shareholders’ equity contributed by shareholders, and €110 million of bank financing gathered from different financial organisations, with the balance being funded by subsidies from the French State and the Haute-Normandie region.
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