The Rotterdam Blankenburg ’tunnel project of the Rönesans is chosen “deal of the year” in Europe.
Rönesans continues to undertake important projects with its subsidiary Ballast Nedam in the Netherlands, one of the largest PPP markets in Europe. From these projects “The Blankenburg Connection” was selected as the “Transport Deal of the Year” in Europe by PFI (Project Finance International). The awards were presented to companies at a ceremony in London on February 13th.
The project, which is still under construction in Rotterdam, one of the most central regions of the Netherlands, is planned to be composed of roads and tunnels and motorway connections and to facilitate access to the region. Following a construction period of 5.5 years, the consortium will then maintain the new road connection for 20 years. Total funding for this project is one of the largest in the Netherlands for an infrastructure project, with a total debt size of more than EUR 900 M. BAAK Blankenburg-Verbinding B.V. did win the PFI award in recognition of its achievement to arrange the 900m EUR project finance on this type of complex projects, combining both banks, institutional investors and the EIB, and in parallel introducing 2 new Korean investors into the Dutch project finance market.
About Rönesans Group
Rönesans Holding, the conglomerate's top investment entity headquartered in Ankara, is the 38th largest international contracting company globally and the 9th largest in Europe. With operations spanning 30 countries across Europe, Central Asia, and Africa, including subsidiaries such as Ballast Nedam in the Netherlands and Heitkamp Industrial Solutions GmbH in Germany, Rönesans has been operating as the main contractor and investor successfully for 30 years in construction, real estate development, healthcare and energy. Putting resilience and growth through innovation at the core of the company, with a priority on sustainability and social development, Rönesans has developed projects supporting students with scholarships, academic platforms and initiatives; been a signatory of the UN Global Compact since 2015; and a signatory of the UN Women’s Empowerment Principles since 2016.
Under the leadership of its president, Erman Ilıcak, Rönesans, along with its partners GIC, Meridiam Infrastructure, Sojitz, Samsung C&T, TotalEnergies, and IFC of the World Bank Group (minority shareholder in the group), has invested more than EUR8 billion into pioneering projects globally.
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