Oct 1, 2020
Meridiam and Vinci sign the concession contract for the Nairobi - Nakuru - Mau Summit Highway in Africa
Meridiam, Vinci Concessions and The Republic of Kenya signed a concession contract for the development and construction of the Nairobi - Nakuru - Mau Summit highway on September 30,2020 in the presence of Emmanuel Macron, President of the French Republic, and Uhuru Kenyatta, President of the Republic of Kenya. This 1.3 billion euro project, which is a 50/50 partnership with Vinci Concessions, is one of the largest Public Private Partnership projects in East Africa. It calls for the design, financing, widening and renovation work, operation and maintenance of the new 175-km highway for 30 years.
Sep 25, 2020
Successful refinancing of LBJ Express, a USD 2.6 billion highway project in USA
Meridiam completed the refinancing of LBJ Express (LBJ), a $2.6 billion highway reconstruction project, located in Dallas County, Texas, in the USA. This refinancing will significantly reduce the costs of the 52-year concession, which has been fully operational for five years, and leaves the project with a more robust financial structure. Even during the current health crisis, the sustainable performance of this managed lanes project in North Dallas and the favorable terms of the bond market made the refinancing possible. The refinancing consists of the issuance of tax-exempt bonds (PABs), for total proceeds of $615M, to replace those issued in 2010 as part of the original financing of the project.
Sep 15, 2020
Meridiam joins 150 business leaders and investors to push for higher 2030 emissions reduction targets
Meridiam signs letter calling on EU policymakers to support an EU 2030 greenhouse gas (GHG) emissions reduction target of at least 55 per cent, necessary to raise the pace and focus of transition efforts for the EU to become a climate-neutral continent by 2050.
Sep 8, 2020
Why sustainable infrastructure is a key part of rebuilding the post-COVID economy
[Open Letter - Thierry Déau]
Sep 7, 2020
Meridiam selected as preferred bidder for a major education contract to deliver new schools across Wales
Meridiam was selected preferred bidder by the Welsh Government for a major education contract to develop, build, operate and maintain new schools and Further Education colleges across Wales. This contract is valued at more than € 500 million capex and will support economic growth and sustainable recovery. The design and development of the first schools will start this fall and new schools and colleges will be operated during a long-term period of 25 years or more.
Sep 1, 2020
Successful financial close and official contract start of a new and sustainable PPP motorway project in Germany
Meridiam and STRABAG successfully reached financial close for the A49 motorway. This 30-year Public Private Partnership, awarded this summer with a construction contract value of over € 700 million, is one of the German PPP projects in the Federal road sector. This program was launched in 2005 by the German Federal Government to refurbish, upgrade and partially develop more than 20 essential Federal roads. Preparatory construction works are to start this September 2020 and completion is scheduled in autumn 2024.