Pi2 Consortium Selected for New Zaanstad Penitentiary Building

NIEUWEGEIN, The Netherlands, July 22, 2013 /PRNewswire/ --

The Netherlands Government Buildings Agency, on behalf of the Ministry of Security and Justice, has selected the Pi2 consortium, which comprises Ballast Nedam and Royal Imtech, for the new Zaanstad Penitentiary building at Hoogtij.

Pi2's bid was selected as the economically most favourable under European public procurement legislation. The Government Buildings Agency has entered into a DBFMO contract with the Pi2 consortium, in which, alongside the design, construction, financing and maintenance of the new building, Pi2 will also have much of the responsibility for the technical facilities for a 25-year period.

The penitentiary will be constructed in the eastern part of the Hoogtij industrial site in Westzaan, and will accommodate over one thousand detainees. The institution will serve as both a detention centre and prison. The penitentiary will be future-proof and multifunctional, and the cells will be suitable for multiple occupancy. The penitentiary is scheduled to open in 2016.

The Pi2 consortium consists of:

Ballast Nedam;
Imtech Building Services B.V.;
EGM Architecten B.V.;
Smits van Burgst Beveiliging B.V.;
Fokkema & Partners;
Mecanoo Architecten B.V.;
Eurest Services B.V.;

The consortium's advisers are Allen & Overy, PricewaterhouseCoopers and Meijers.

Ballast Nedam is the sole shareholder of Pi2. Ballast Nedam (65%) and Royal Imtech (35%) participate together in the Design, Build, Maintain and Operate phase. The contract has a 25-year term from the time of becoming available, and the total project has a nominal size of approximately € 300 million. The funding - part of which institutional - will be provided by ING and NIBC.

Ballast Nedam CEO Theo Bruijninckx comments that 'The transaction endorses our strategic focus on integrated projects. Ballast Nedam is keen to be involved in all phases of a project in order to achieve the best possible life-cycle solution for all stakeholders. We have perfected this integrated approach in terms of bidding, execution and management.'

Royal Imtech CEO Gerard van de Aast adds 'This contract is an excellent match for the know-how and experience we have accumulated in previous PPP projects. We are very pleased that the Government Buildings Agency has selected our consortium.'

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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.nl

Royal Imtech is a European technical services provider in the fields of electrical solutions, ICT (information and communication technology) and mechanical solutions. With 29,000 employees, Royal Imtech achieves annual revenue of approximately 5.4 billion euro. Royal Imtech holds attractive positions in the buildings and industry markets in the Netherlands, Belgium, Luxembourg, Germany, Austria, Eastern Europe, Sweden, Norway, Finland, the UK, Ireland, Turkey and Spain, the European markets of ICT and Traffic as well as in the global marine market. In total Royal Imtech serves 24,000 customers. Royal Imtech offers integrated and multidisciplinary total solutions that lead to better business processes and more efficiency for customers and the customers they, in their turn, serve. Royal Imtech also offers solutions that contribute towards a sustainable society - for example, in the areas of energy, the environment, water and traffic. Royal Imtech shares are listed on the NYSE Euronext Amsterdam, where Royal Imtech is included in the AEX Index. http://www.imtech.com

SOURCE Ballast Nedam