A consortium led by Macquarie Capital, the corporate advisory, capital markets and principal investment arm of Macquarie Group, has completed a financial close on a €850 million ($941 million) transportation project in Amsterdam.
The A9 Badhoevedorp-Holendrecht PPP Project is the final project of the Schiphol-Amsterdam-Almere corridor (SAA) and will include the expansion of the existing A9 road near Amstelveen from three to four lanes in each direction.
The VEENIX consortium was selected by Rijkswaterstaat, the executive agency of the Dutch Ministry of Infrastructure and Water management in September, to carry out the design, build, finance and maintenance of the project for 14 years.
Macquarie Capital acted as the sole financial adviser and debt arranger to the consortium.
The project also involves the construction of a “sunken highway” with three roof structures, the expansion of the Schiphol Bridge and 14 kilometers (8.6 miles) of noise pollution