Last week the development foundation for the Netherlands Antilles SONA (Stichting Ontwikkeling Nederlandse Antillen) reached financial close for the construction of Hospital Nobo Otrabanda (HNO) in Curacao. This makes the design & construct contract with Ballast Nedam final, upon which the construction phase of the new hospital can start. Following an international tender Ballast Nedam was selected preferred bidder mid-2012, based on the most economical bid. Subsequently, at the beginning of this year Ballast Nedam signed a contract with SONA. In August 2013, the government of Curacao referred the project to an alternate location in the district Otrabanda. After an intensive location study, financial close has now been reached. The contract has a value of over 108 million euros ($ 135.6 million). In this project Ballast Nedam co-operates with its local partner of Curacao OeverZaaijerLyongo architects, EGM architects from Dordrecht and the advisor for the technical installations Valstar Simonis. The hospital will have 300 beds and a size of approximately 40,000 m2. An underground parking facility for 535 cars is also included. During the first quarter of 2014, the plans will be developed further into a final design. The hospital will be technically completed on 31 December 2016. Ballast Nedam engages in integrated projects in The Netherlands in four areas of work: housing, mobility, energy and nature. Within this area we focus on the niche markets: industrial construction, offshore wind turbines, secondary raw materials and alternative fuels. In a number of areas of expertise, we also operate internationally. The Ballast Nedam share is included in the Amsterdam Small Cap Index (AScX) of NYSE Euronext. Ballast Nedam's approach is based on life cycle thinking and acting: we develop, construct, manage and recycle. We are involved in long-term management, maintenance and operation of projects and organize financial feasibility. Our supply and specialized companies deliver competitive edge through innovation, cost leadership and purchasing strength. Ballast Nedam's range of services is shifting towards modular products and specific product-market combinations with greater added value. Ballast Nedam creates enduring quality combined with lower life cycle costs for its customers and society. http://www.ballast-nedam.com The content and accuracy of news releases published on this site and/or distributed by PR Newswire or its partners are the sole responsibility of the originating company or organisation. Whilst every effort is made to ensure the accuracy of our services, such releases are not actively monitored or reviewed by PR Newswire or its partners and under no circumstances shall PR Newswire or its partners be liable for any loss or damage resulting from the use of such information. All information should be checked prior to publication.
SOURCE United Business Media