Money Secured for IJmuiden New Lock

Rijkswaterstaat and the OpenIJ consortium – consisting of BAM-PGGM, VolkerWessels and DIF – have reached financial close for the contract to design, construct, finance and maintain a new sea lock at IJmuiden.

Construction activities will be carried out by a BAM Infra and VolkerWessels joint venture. The work will commence early 2016 with the new lock available for shipping at the end of 2019.

The dredging activities will be carried out by subcontractors Van Oord and Boskalis. The new lock will be 70 meters wide, 500 meters long and 18 meters deep.

Rijkswaterstaat, the Province of North Holland, the City of Amsterdam, Port of Amsterdam and the Municipality of Velsen worked together in the realization of this €500 million worth, new sea lock project at IJmuiden which is co-funded by the TEN-T program of the European Union.

The financing structure included bank loan facilities, an EIB (European Investment Bank) facility and equity financing. The financing parties involved were DZ Bank, KfW IPEX-Bank, SMBC, BTMU, Unicredit Bank and the EIB. The equity investors were BAM PPP PGGM Infrastructure Coöperatie U.A., VolkerWessels and DIF Infrastructure III, with Rabobank providing an equity bridge facility.

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3rd International Congress Hydraulic Engineering Structures and Dredging

Russia’s leading maritime industry Media Group PortNews (www.portnews.ru) holds a traditional annual Congress “Hydraulic Engineering Structures and Dredging” in Moscow. 

The two-day Congress includes the 7th International Forum of Dredging Companies and the 3rd Technical Conference “Modern Solutions for Hydraulic Engineering”.

Infrastructure development is among the real sources of Russia’s economy growth. Construction of port facilities and new hydraulic engineering structures on the country’s inland waterways constitute an essential part of all infrastructure projects. It is important to take into account the best international practices to implement these projects effectively.

The program of the Congress will be devoted to the latest technologies for dredging and hydraulic engineering works. Speakers and delegates will refer to real projects to discuss specifics features of dredging works, as well as dedicated fleet and equipment involved.

To learn more about event, please, contact the organizing committee: snitko@portnews.ru

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