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Home advantage?
01 December 2001
Hochtief has been one of the early players in global PPP deals. Michael Marray asks Bernward Kulle, head of infrastructure, and Ansgar Bendiek, head of structured finance, whether this experience will pay off in the evolving German market.
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Hochtief Project Development has emerged as one of the major global
players in toll road development, with involvement in bridges,
roads and tunnels in countries as far apart as Argentina, Canada,
Israel and South Africa.
And the firm has also recently started construction of its first
concession project in its home market of Germany, where the
government is now encouraging private investment in transport
infrastructure. Add to that pre-qualifying work on four projects in
Greece, a toll road bid being made in Chile, and plans to bid on
two projects in Australia, and it is clear that the level of
activity is on the increase.
Hochtief is part of the German energy and utility group RWE, and
is organised into six divisions: Airport, Construction, North
America, International, Services, and Development. The Development
division doubles as a home for all the infrastructure development
activities, encompassing toll roads, bridges and tunnels, and
receives support from the...
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