Bloomberg News

Hochtief Concessions Unit Gets PPP Contract of 279 Million Euros

October 28, 2011

Oct. 28 (Bloomberg) -- Hochtief Concessions unit HOCHTIEF PPP Solutions will design, finance, build, refurbish and operate nine schools and three day care centers for children for the city of Braunschweig in Germany, the company said in an e-mailed statement today.

The project will operate in the form of a public-private partnership and has a contract volume of about 279 million euros. Including the construction phase, the contract runs for a period of 25 years.

To contact the editor responsible for this story: Mariajose Vera at mvera1@bloomberg.net


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