Jun 16 2010
A consortium led by STRABAG Real Estate GmbH, a company of the STRABAG Group, has been awarded the contract for a public private partnership (PPP) from the city of Mülheim, Germany. The company was chosen in a multi-stage tender process to handle the redevelopment, partial new development and operation of the Karl-Ziegler-Schule, Luisenschule and Willy-Brandt-Schule as well as the operation of the Gemeinschaftsgrundschule Styrum in Mülheim for a period of 25 years.
The contract volume (build, finance, operate) amounts to € 160 million, of which € 52 million is for the construction and modernisation of the buildings. Non-recourse forfeiting was chosen as the financing model. Compared to realising the project itself, the city of Mülheim saves nearly 8 % on project costs. In addition to being the most economically advantageous bid, the STRABAG consortium – whose other members are Ed. Züblin AG for the construction work and STRABAG Property and Facility Services GmbH for the operational services – was also chosen for the short building time, the best architectonic designs and the planned hiring of local subcontractors.
“We have already established ourselves as a partner to the public sector with projects that include schools in Ratzeburg or a government administration centre in Heidelberg. Our PPP portfolio is growing constantly, with several new projects added every year. PPP will become increasingly important as a procurement alternative for the public sector in the coming years,” predicts Hans Peter Haselsteiner, CEO of STRABAG SE.
STRABAG assumes operation of the schools with the start of the contract on 1 July 2010.
Construction times:
Source: http://www.strabag.com/