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Pi2 Consortium Selected for New Zaanstad Penitentiary Building

        Pi2 Consortium Selected for New Zaanstad Penitentiary Building

  PR Newswire

  NIEUWEGEIN, The Netherlands, July 22, 2013

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.'

__________________________________________________________________________

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

PRN NLD

Contact: Additional information: Ballast Nedam N.V., Ilka van der Meijden,
telephone +31-30-285-4702 / +31-6-22-60-57-67
 
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