HICL Infrastructure Makes First German Investment.

MANews-(C)2009-2022

UK-based infrastructure investment company HICL Infrastructure plc (LSE: HICL) has acquired its first investment in Germany, a 50% equity interest in the B247 Mühlhausen-Bad Langensalza Road PPP, the firm said.

The interest was acquired from Vinci Concessions Deutschland GmbH, paving the way for future partnership on the German road PPP pipeline.

HICL's total investment into the Project will amount to c. EUR 12m (USD 12.63m).

The B247 is a new 22km road that will link the cities of Mühlhausen and Bad Langensalza, in the Land of Thuringia.

The 30-year PPP covers the design, financing, construction, maintenance and operation of the B247. The Project reached financial close in September 2021 and construction is expected to be completed by VINCI Group companies in June 2025.

As a greenfield availability PPP investment in a AAA-rated European jurisdiction, the project sits both within HICL's investment strategy and HICL's vision to connect communities.

The investment is accretive to key portfolio metrics and will be funded by HICL's existing credit...

To continue reading

Request your trial

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT