German construction company Bilfinger Berger said it has won a contract to design, build and operate a justice and civic centre in Wiesbaden, Germany. The project, worth EUR 80 mln, will be financed by Hessische Landesbank, with the bank's subsidiary OSB acting as project developer. The management contract runs for 30 years.
German construction company Bilfinger Berger said it has won a contract to design, build and operate a justice and civic centre in Wiesbaden, Germany. The project, worth EUR 80 mln, will be financed by Hessische Landesbank, with the bank's subsidiary OSB acting as project developer. The management contract runs for 30 years.
The company noted that public private partnerships (PPPs) are rapidly accounting for a major share of the German construction market, with EUR 500 mln in PPP projects awarded in 2006 alone. Bilfinger Berger said it had recently won contracts to build a justice centre in Chemnitz, to modernise and operate eight schools in Halle an der Saale, and build a new correctional facility in Burg, near Magdeburg, all on the basis of public private partnerships. These projects are worth a total of EUR 200 mln, the German company said.
