on TINC (EBR:TINC)
TINC Invests in Brussels Ring Road Infrastructure
TINC, an infrastructure investor listed on Euronext Brussels, has joined the SPI.R0 consortium with Jan De Nul and Willemen. This consortium has been awarded the contract to convert the R0 x A201 traffic interchange, crucial for connecting the Brussels ring road to Brussels Airport.
The project, valued at approximately €350 million, involves redesigning and managing the interchange using a DBFM PPP model. The Flemish government will pay availability fees for the 34-year project, set to begin construction in October 2024 and expected to be operational by spring 2028.
This venture is entirely financed by Belgian partners. TINC is investing €17 million for a 45% stake in the project, with committed funds to be realized by 2028 upon commissioning.
R. E.
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