Dutch pension fund administrator PGGM and Royal BAM Group are discussing the extension of the current partnership between PGGM and BAM PPP.
This extended partnership would combine and leverage upon the capabilities of BAM as a proven developer and manager of public-private partnership (P3) concessions with the skills and investment capacity of PGGM as a major long-term investor. The parties aim to finalize these discussions in the second half of this year.
“It is recognized on the back of this success that the joint venture's current level of committed capital will soon be reached,” said Erik van de Brake, head of infrastructure PGGM. “PGGM as well as BAM, express an interest to further extend the partnership.”
A first step in the partnership extension was recently effected on June 30, when PGGM increased its share in 21 projects that are currently within the BAM PPP-PGGM joint venture from 80 percent to 90 percent. This provides PGGM with an immediate i
