HICL Infrastructure, the first infrastructure investment company to be listed on the London Stock Exchange, has made its foray into the German market with the acquisition of a 50 percent equity interest in the B247 Mühlhausen-Bad Langensalza Road public-private partnership (P3).
The stake was acquired from Vinci Concessions Deutschland, with HICL’s total investment into the project estimated at €12 million ($12.5 million).
The B247 is a new 22-kilometer (13.6-mile) road that will link the cities of Mühlhausen and Bad Langensalza. The 30-year P3 covers the design, financing, construction, maintenance and operation of the B247.
The project reached financial close in September 2021, with construction to be completed by VINCI Group companies in June 2025. The client is the Federal Republic of Germany.
“The successful delivery by InfraRed of over 10 assets through construction and into operations for HICL’s clients has been a strong source of outperf
