from TINC (EBR:TINC)
TINC invests in safe and smooth traffic on the Brussels ring road (B)
TINC invests in safe and smooth traffic on the Brussels ring road (B)
Antwerp October 18, 2024, 17:30 CET
TINC, the infrastructure investor listed on Euronext Brussels, joins the SPI.R0 consortium of contractors Jan De Nul and Willemen that was awarded the tender for the conversion of the R0 x A201 traffic interchange connecting the Brussels ring road to Brussels Airport.
Conversion of traffic interchange R0 x A201
The Flemish government has awarded to the consortium consisting of contractors Jan De Nul and Willemen the tender for the conversion of the interchange in a bundled and traffic-light controlled entry/exit complex and this by way of a DBFM PPP formula. The consortium is responsible for the Design, the Build, the Finance and 30-year Maintenance of the infrastructure in return for availability fees paid by the Flemish Agency for Roads and Traffic. The 34-year project has a value of around € 350 million. Construction works start in October 2024 with expected availability in spring 2028.
100 % Belgian funding
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The project is 100% financed by local financial partners. Equity is contributed by De Werkvennootschap (10%) and the private partners TINC, Jan De Nul and BE.SHARPPP - a company of Willemen Groep for financing and managing PPP projects (90%). Long term debt financing is provided by AG Insurance, Belfius Bank, Federale Verzekering and KBC Bank.
TINC invests € 17 million
TINC has committed to invest about € 17 million in this project for a 45% participation in the project company. The actual funding of this investment commitment will occur in 2028 at commissioning.
TINC NV - Karel Oomsstraat 37, 2018 Antwerp, Belgium - T +32 3 290 21 73 - www.tincinvest.com Page | 1
"We look forward to working together with the Flemish Government and our partners Jan De Nul and Willemen to realise this important project on the Flemish road network. With our financial involvement, we are strengthening this experienced and local consortium. This investment fits perfectly with the ambition of TINC to invest in projects and companies that contribute to the infrastructure of tomorrow. We look forward to the successful completion and smooth commissioning of the new road infrastructure." - Karoy Hornyák, Director Public Infrastructure TINC.
About TINC
TINC is a listed investment company that seeks to create sustainable value by investing in the infrastructure for the world of tomorrow. TINC participates in companies that are active in the realization and operation of infrastructure and holds a diversified portfolio of participations in focus areas such as public infrastructure, energy infrastructure, digital infrastructure and selective real estate in Belgium, France, Ireland and the Netherlands.
For more information, please visit www.tincinvest.com.
Contact
Manu Vandenbulcke, CEO TINC
T +32 3 290 21 73 - manu.vandenbulcke@tincinvest.com
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Filip Audenaert, CFO TINC
T +32 3 290 21 73 - filip.audenaert@tincinvest.com
TINC NV - Karel Oomsstraat 37, 2018 Antwerp, Belgium - T +32 3 290 21 73 - www.tincinvest.com Page | 2