PRTODAY / NewswireToday Free press release distribution service network

More news: Energy
Written by / Agency / Source: HOCHTIEF AG

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

HOCHTIEF Consortium to Build and Operate Access to Golden Gate Bridge - A consortium lead by HOCHTIEF Solutions subsidiary HOCHTIEF PPP Solutions North America and the infrastructure fund Meridiam has reached financial close for the Presidio Parkway project in San Francisco, California - HOCHTIEF.de
HOCHTIEF Consortium to Build and Operate Access to Golden Gate Bridge

 

NewswireToday - /newswire/ - Essen, Germany, 2012/06/19 - A consortium lead by HOCHTIEF Solutions subsidiary HOCHTIEF PPP Solutions North America and the infrastructure fund Meridiam has reached financial close for the Presidio Parkway project in San Francisco, California - HOCHTIEF.de.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

• Public-private partnership project reaches financial close;
• Total contract volume of around EUR 800m; HOCHTIEF share is 50 percent; 33.5-year contract;
• Collaboration between HOCHTIEF and US subsidiary Flatiron.

A consortium lead by HOCHTIEF Solutions subsidiary HOCHTIEF PPP Solutions North America and the infrastructure fund Meridiam has reached financial close for the Presidio Parkway project in San Francisco, California. The two partners will plan, build, operate and partially finance the public-private partnership (PPP) which has a volume of EUR 800 million and will run for 33.5 years. HOCHTIEF (hochtief.com) has a 50 percent share in the concession company, Golden Link Concessionaire. The Group’s US subsidiary Flatiron is the lead in the construction joint venture, in which it has a 65 percent stake. The volume of the construction contract is EUR 197 million. It was only in May that HOCHTIEF PPP Solutions North America reached financial close for another major PPP project in Canada, Northeast Anthony Henday Drive.

Presidio Parkway is to be a new southern access route to the Golden Gate Bridge. Following completion in 2015 the road will run for around 2.5 kilometers along the northern coast of San Francisco, extending from the toll station on the Golden Gate Bridge on the west, to Broderick Street in the east, giving access to historical and cultural landmarks. The existing access road which was built in the 1930s is structurally and seismically unsafe. It is therefore being replaced by the Presidio Parkway which, once completed, will serve approximately 120,000 trips per day. The project also includes various tunnels, major interchanges and a landscaping component.

The HOCHTIEF consortium submitted a bid in mid-2010 and was awarded the contract on December 27, 2010. The PPP project is an availability model in which no traffic demand risks are taken on. Project financing is by means of short-term bank loans and a long-term state-financed TIFIA (Transportation Infrastructure Finance and Innovation Act) loan.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: HOCHTIEF AG

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Energy articles,
CATCH Visitors via Your Competitors Announcements!


HOCHTIEF Consortium to Build and Operate Access to Golden Gate Bridge

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

HOCHTIEF AG |
Publisher Contact: Christian Gerhardus - HOCHTIEF.de 
+49 201 824-2642 presse[.]hochtief.de
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any HOCHTIEF AG securities in any jurisdiction including any other companies listed or named in this release.

Energy via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From HOCHTIEF AG / Company Profile


Read Energy Most Recent Related Newswires:

Enel and Luxottica Group Inaugurate Innovative Mini-biomass Plant in Northern Italian Town of Agordo
The Abraaj Group and ENGIE to Develop a Wind Power Platform in India
Enel Starts Operation of South America's Two Largest Solar Parks in Brazil
Anheuser-Busch and Enel Green Power Announce Renewable Energy Partnership
EDP Renováveis and ENGIE Consortium Awarded Long-term CfD for 950 MW Offshore Wind Project in UK
E-Distribuzione Installs over A Million Electronic 2.0 Open Meters
ENGIE, through its Subsidiary ENGIE Axima, has Opened Exclusive Negotiations to Buy MCI, French Specialist in Industrial and Commercial Refrigeration
Enel Starts Construction of Peru’s Largest Wind Farm
GE Hits 5GW Milestone of Wind Energy in Brazil
Enel Starts Operations of Delfina Wind Farm in Brazil
GE to Install Advanced Wind Turbines for 150 MW Clean Power Project in Pakistan’s Jhimpir Corridor
ENGIE to Develop its First Renewable Project in Mongolia
Enel Starts Construction of Ayanunga Hydro Plant in Peru
Sundance Square and Green Mountain Energy Announce Extended Clean Energy Partnership
Enel Signs Tax Equity Agreement for 300 MW Red Dirt Wind Project in the USA

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  NAKIVO, Inc.

Visit  BizJobs.com





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)