KfW IPEX-Bank, EIB, DZ BANK, CaixaBank and DBJ finance construction of a section of the A7 motorway

Frankfurt am Main (ots) -

- Expansion of transport infrastructure in Lower Saxony
- PPP according to the A-model

An international consortium consisting of KfW IPEX-Bank, DZ BANK
AG, DBJ (Development Bank of Japan Inc.), CaixaBank and the European
Investment Bank (EIB) is financing the expansion of the A7 motorway
between Bockenem and Göttingen. As a part of the 59.60 km project,
29.2 km of road will be expanded from four to six lanes and two major
bridges crossing the A7 will be repaired. The project is expected to
eliminate a bottleneck in transport infrastructure in the southern
part of Lower Saxony and will contribute to strengthening
trans-European networks (TEN-T), which are intended to improve
cross-border connections within the EU by 2030. In addition to the
construction works, the project includes management and maintenance
of the entire section of the motorway.

Following an open international tender by German Federal
Government, the rights to implement this public private partnership
(PPP) project were awarded to a private sector consortium consisting
of the globally renowned infrastructure investors VINCI and Meridiam.
The project will form part of the A-model PPP programme, under which
the Federal Government will make payments to the private contractor
based on the availability of the road.

A total of EUR 420 million will be provided by loans from the
participating banks. By providing this financing, in which KfW
IPEX-Bank acts as the facility and security agent and DZ BANK as the
account bank, the Funders emphasise their commitment to structured
finance for infrastructure projects undertaken by the private sector.
"We are very pleased to be collaborating with our respected and
experienced business partners VINCI and Meridiam on another major
German PPP," commented Andreas Ufer, Member of the Management Board
of KfW IPEX-Bank, on the project. "This instrument allows making
optimal use of private investor liquidity while also involving the
SME sector in order to upgrade and expand public infrastructure."

Construction is due to start in May 2017 and is expected to last
3.5 years. The project period for this PPP is 30 years. An
information graph illustrating how PPPs work is available for
download on our website www.kfw-ipex-bank.de

About KfW IPEX-Bank

Within KfW Group, KfW IPEX-Bank is responsible for international
project and export finance. Its function of providing financing to
boost the German and European economy is derived from the legal
mandate assigned to KfW. It offers medium and long-term financing to
support key export industries, to develop economic and social
infrastructure and to fund environmental and climate protection
projects. KfW IPEX-Bank operates as a legally independent group
subsidiary and plays a major role in fulfilling KfW's promotional
mission. It is represented in the most important economic and
financial centres across the globe.

The European Investment Bank (EIB) is the long-term lending
institution of the European Union, owned by its Member States. It
makes long-term finance available for sound investment in order to
contribute towards EU policy goals.

About CaixaBank

CaixaBank is Spain's leading bank by market share. It operates in
retail banking and insurance, while also holding investments in
international banks and prominent services companies. The bank,
presided over by Chairman Jordi Gual and CEO Gonzalo Gortázar, serves
close to 14 million customers and has a network of 5,027 branches.
CaixaBank has been recognised as "Bank of The Year in Spain 2016" by
British magazine The Banker, part of the Financial Times Group, and
was also awarded by The Banker as the world's best technology project
for imaginBank launch. The bank, one of the most sustainable in the
world, according to the Dow Jones Sustainability Index, was also
honoured by Euromoney as the "Best Bank for CSR in Western Europe" in
2016.

DZ BANK AG is the second largest bank in Germany. It is the
central institution in the cooperative financial network and serves
approx. 1,000 cooperative banks (and their 11,000 branch offices),
each of which is a stakeholder in DZ BANK AG and which together own
the majority stake. As "DZ BANK. Die Initiativbank", it is also
active as a corporate bank and is the holding company for the
specialised service providers in the DZ BANK Group: Bausparkasse
Schwäbisch Hall (building society), DG HYP (commercial real estate
finance), DZ PRIVATBANK, R+V Versicherung (insurance company),
TeamBank (consumer finance), Union Investment Group (asset
management), VR Leasing Group, WL BANK (real estate and public sector
financing) and various other specialised institutions. With its
extensive range of financial products and services, the DZ BANK Group
supports the local cooperative banks in Retail Banking, Corporate
Banking, Capital Markets and Transaction Banking.

Press contact:
KfW IPEX-Bank GmbH
Dela Strumpf
Kommunikation
Tel +49 69 7431 2984
Fax +49 69 7431 85 36
dela.strumpf@kfw.de
www.kfw-ipex-bank.de

European Investment Bank
Christof Roche
c.roche@eib.org
Tel.: +352 43 79 89013
Mobile: +32 479 65 05 88
Press Office: +352 4379 21000
press@eib.org
www.eib.org/press
Follow us on Twitter @eib

CaixaBank
Communication and External Relations
Tel: +34 93 404 2414
prensa@caixabank.com
http://www.caixabank.com/comunicacion

DZ BANK AG
Eberhard Roll
Spokesperson
Tel. +49 211 778-1108
eberhard.roll@dzbank.de

Pressekontakt:
KfW IPEX-Bank GmbH, Palmengartenstraße 5-9, 60325 Frankfurt
Pressestelle: E-Mail: axel.breitbach@kfw.de
Tel. 069 7431-2961, Fax: 069 7431-9409, E-Mail:
info@kfw-ipex-bank.de,
Internet: www.kfw-ipex-bank.de

Original-Content von: KfW IPEX-Bank, übermittelt durch news aktuell