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BBGI Global Infrastructure Acquires Stake in German Motorway.

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Vincent

MANews-(C)2009-2022

UK-based infrastructure investment company BBGI Global Infrastructure S.A. (LSE: BBGI) has entered into an agreement to acquire a 49% equity interest in Via Solutions Nord GmbH and Co. KG, a limited partnership incorporated in Germany, being the project company for the A7 motorway public-private partnership between Bordesholm and Hamburg in Germany, the company said.

The asset is classified as availability-based under the investment policy of the company and aligns with BBGI's ESG principles.

All of BBGI's investments are availability-based and supported by secure public sector-backed contracted revenues, with inflation-protection characteristics, that are paid so long as the assets are available for use.

The investment offers an inflation linkage in line with the BBGI portfolio.

The project includes expansions and upgrades to certain critical sections of the A7 motorway and consists of the design, construction, financing, operation, maintenance and rehabilitation of 65 km widening from four to six lanes of a section of the A7 motorway between Bordesholm and Hamburg.

The project includes 11 interchanges, six parking facilities, four rest areas, 79 civil engineering structures, c. 100,000 m2 noise barriers and a c. 550-metre noise enclosure tunnel.

Availability payments are received from the Federal Republic of Germany, represented by DEGES (Deutsche Einheit FernstraÃYenplanungs- und -bau GmbH), rated AAA / Aaa by S and P and Moody's, respectively. Construction completion was achieved in...

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