Project Details

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Results Chart for Delivery Method and Financing

Delivery Method

DBOM Partially Public Finance
# of Projects: 1
100% of the Results

Background informationProject Created: December 19, 2017

Project Name: Replacement of Northern Lock in IJmuiden, Netherlands
Year in Operation: 2020
Sector: Transportation
Subsector: Port, Canal
Status: Design / Construction
Type: Substantial Alteration of Existing Facility
Description: After a lifetime of almost 100 years, the Northern lock in IJmuiden needs replacement. Rijkswaterstaat (the Dutch Highways and Waterways Agency) has awarded the construction of the new IJmuiden sea lock, which is located at the entrance to the North Sea Canal, officially to the Consortium OpenIJ. This consortium, consisting of BAM-PGGM and Volker Wessels-DIF will be responsible for design, construction, financing and maintenance of the new lock for a period of 26 years.
Delivery Method as described in the country where it's located: Public Private Partnership
Is the project still active: Yes
Comments: 26 year concession following design and construction of replacement lock.

Project Locations

Address: Middensluisweg
City: 1975 AL IJmuiden
State:
Country: Netherlands, Kingdom of the

Souces of Project Support (Non-monetary)

Checkbox Checked Access to Land
Checkbox Checked Revenue Stream (Cash Flow) Protected Through Long Term Commitment(s) of Public Sponsor(s)
Checkbox Checked Environmental Clearance

Souces of Project Support (Monetary)

Checkbox Checked

From Public (Government) Sources to Producers: Mixed public and private funding, under 26 year concession arrangement. The project is being managed by the Dutch Infrastructure Authority Rijkswaterstaat.

Checkbox Checked

From Private Capital Markets Directly to Producers as Debt: The design-build portion of the $710 Million project is reported by ENR to be valued at just less than $600 million. The maintenance portion is valued at approximately $120 M, as reported by ENR. The concessionaire is OpenIJ. Participants are BAM-PGGM and VolkerWessels-DIF. After contract close all construction activities will be carried out by BAM and VolkerWessels. The dredging activities will be carried out by subcontractors Van Oord and Boskalis. ENR reported in December 2017 that the concessionaire has decided to redesign two gate caissons, at an additional expense of approximately $65 Million and with a delay of completion into 2020, to stiffen the lock's structure. The redesign involves new stiffening cross walls and heavier reinforcement. The strengthened design is reported to be at the concessionaire's expense.

Project Delivery & Finance Method

Project Delivery:
Design Build Operate Maintain (Partially Public Finance). Public Sponsor contracts for initial design, construction, and for long term operations and maintenance with a single entity. At the end of the term, Public Sponsor regains control of the facility.
Is there an independant checking engineer? Yes
Project Finance Method: All or Partially By Public Sponsor

Procurement Approach

Project Component
Qualifications
Based Selection
Request for
Qualifications
Request for
Proposals
Invitation
for Bids
Unsolicited
Proposals
Design Build Operate and Maintain
X
X
Project Component
Yes
No
Is Negotiation of the Price Permitted After Selection of the Winner?
X
Is Negotiation of the Scope of Services Permitted After Selection of the Winner?
X
Are the fees (tolls) to be charged to users over the term an evaluation factor user in Selection of the Winner?
X

Term for Key Components & Forms of Contract

Project Component
Years
Quarters
Combined Term: Initial Design, Construction, O&M Period
26
0
Forms
Description
Don't Know
 

Project Value (If and As Known)

Date of Estimated Project Value: December 7, 2017
Project Value
Hard Cost
Hard & Soft Costs
Pre-Feasibility (Public Sponsor Expense)
(none)
> $50 Million US
Construction
$250 Million - 1 Billion US
$250 Million - 1 Billion US
Operations & Maintenance
< $200 Million US
< $200 Million US
Total
$500 Million - 2 Billion US
$500 Million - 2 Billion US

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