Levvel Announces Financial Closure for the Afsluitdijk Project

The contract for the design, build, finance and maintenance of the Afsluitdijk project in the Netherlands has reached financial close successfully yesterday afternoon (29 May 2018), reports BAM.

The European Investment Bank is providing EUR 330 million in support of the rehabilitation and modernization of the Afsluitdijk dam, running between the provinces of Noord-Holland and Friesland.

As one of the main flood defense infrastructure works in the Netherlands, the dam needs maintenance and modernization, expected to be completed by 2022.

Rijkswaterstaat (part of the Dutch Ministry of Infrastructure and the Environment) has awarded the Afsluitdijk project to the Levvel Consortium.

The Levvel consortium shareholders and equity providers are BAM PPP (46%), Van Oord (46%) and Rebel (8%), together with joint venture partners Aberdeen Standard Investments, APG Group, PGGM and EPICo. The design, construction and long term maintenance will be completed by BAM Infra and Van Oord Nederland.

This major causeway in the Netherlands was first completed in 1932 and closed off the saltwater Zuiderzee, turning it into a freshwater lake known today as IJsselmeer.

Starting in 2018, the top layer of the Afsluitdijk will be re-enforced and an extra water barrier in front of current locks at both ends of the dam, at Kornwerderzand and Den Oever, will be installed to combat high water from the sea.

The current scouring sluices will be rehabilitated, and special works will be carried out to create “fish passages” that will allow the re-establishment of fish migration between the sea and the interior lake.

On a technical level, the project will bring about an increase in the discharge capacity to remove water from the IJsselmeer into the sea by installing new pump systems. The project includes a small component of road improvement and maintenance works.

 

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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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