09-21-2020

Heuking advises consortium including STRABAG and Meridiam on financing of A49 PPP high-way project




A team led by Sandra Pfister, a partner at Heuking Kühn Lüer Wojtek based in Hamburg, successfully advised A 49 Autobahngesellschaft mbH & Co. KG, and its shareholders STRABAG Infrastrukturprojekt GmbH and Meridiam Investments SAS on the financing of the A49 PPP motorway project.
 
The project, which was awarded by DEGES Deutsche Einheit Fernstraßenplanungs- und -bau GmbH for a thirty-year period commencing on September 1, 2020, comprises the four lane construction of a 31 kilometer long section of the A49 motorway in Hesse between Schwalmstadt junction and Ohmtal interchange, as well as the design, proportionate financing, operation and maintenance of a section of the motorway spanning approx. 62 kilometers between Fritzlar junction and the Ohmtal interchange (A5/A49).
 
The comprehensive financing agreements were concluded on August 21, 2020. Debt financing for the total investment sum of around EUR 1.3 billion is being provided by KfW IPEX-Bank (Germany), the European Investment Bank (EIB), MEAG (Germany), KBC Bank NV, Niederlassung Deutschland, and ČSOB (Czech Republic) through a combination of short-term and long-term project finance as well as a long-term bond financing.

Counsel to STRABAG | Meridiam
Heuking Kühn Lüer Wojtek:

Sandra Pfister (Lead, Project Finance), Hamburg
Dr. Thorsten Kuthe (Capital Markets), Cologne
Michael Neises (Project Finance), Frankfurt
Dr. Kai Erhardt (Project Finance), Hamburg
Christopher Görtz (Capital Markets), Cologne
Irene Braunagel (Project Finance),
Michèle von Lewinski (Project Finance), both Frankfurt
Beliardis Ehlert-Gasde (Project Finance), Hamburg

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