Post on 15-Jul-2020
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Analyst day – N33
December 9th, 2013
2 Koninklijke BAM Groep nv - <vestiging> - <verkorte titel>
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Presentation
• DBFM N33 – Contractual structure
– Payment mechanism
– Schedule
– Goals and scope
• Organization BAM as one…
• Client relationship
• N33 “in the picture”
Poort van Noord - Project N33 Assen-Zuidbroek
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N33..? Assen?
Poort van Noord - Project N33 Assen-Zuidbroek
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DBFM Contract N33 • Contractual structure
• Financial mechanism
• Schedule
• Scope
• Goals
Poort van Noord - Project N33 Assen-Zuidbroek
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Poort van Noord - Project N33 Assen-Zuidbroek
Typical contractual structure
SPC
D&B contract
DBFM(O)
MTC contract
Lender(s)
Authority
EPC Contractor MTC Contractor
Shareholder(s) Equity documents Credit documents
Interface contract
• Common Terms Agreement • Facility agreement(s) • Inter-creditor agreement • Security documents • Hedging documents • Direct agreements
• Shareholders’ agreement • Articles of association • Subordinated debt
subscription agreement
Poort van Noord - Project N33 Assen-Zuidbroek
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SPV
D&B M&O
Lenders Client
Users Stakeholders
Cooperation
Poort van Noord - Project N33 Assen-Zuidbroek
best value
build design
finance
operations (25 year)
maintenance (25 year)
Poort van Noord - Project N33 Assen-Zuidbroek 8
DBFM
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Poort van Noord - Project N33 Assen-Zuidbroek
CAPEX CAPEX
Gross Availability Payment
Availability certificate
End certificate
Completion certificate
Commence certificate
Financial mechanism
OPEX
operations construction
Milestone Payments
Poort van Noord - Project N33 Assen-Zuidbroek
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Schedule
• Start tender May 2011;
• Prequalification August 2011 (9 consortia);
• Deliver Risk Management plan November 2011;
• Selection 3 consortia December 2011;
• BAFO June / August 2012;
• Selection Preferred Bidder August, 30th 2012;
• Contract close October, 1st 2012;
• Financial close November, 21th 2012;
• Commencement Date: March, 1st 2013
• Availability Date: September 30th, 2014
• Completion Date: December 30th, 2014
• End Date: September 30th, 2034
Poort van Noord - Project N33 Assen-Zuidbroek
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SCOPE N33
• 40 km road enhancement (2 2x2)
• 33 civil structures
• 900.000 m3 soil, sand, etc.
• 350.000 tons asphalt
Poort van Noord - Project N33 Assen-Zuidbroek
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Primary goals Contracting Authority
• Increase safety
• Increase traffic flow
Poort van Noord - Project N33 Assen-Zuidbroek
Safety
Dangerous crossing
Wildervank
Draw bridge
‘Winschoterdiep’
Roundabout
Gieten
Rolde
Stretch
Wildervank
– Veendam
Nr. 6 in thee
top 25
most unsafe
roadparts
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Project goals Poort van Noord
• Satisfied Client
• Satisfied Environment
• Satisfied road users
• Satisfied Poort van Noord
Poort van Noord - Project N33 Assen-Zuidbroek
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Safety during the works for employees and roaduser;
Good accessibility and traffic flow;
Predictability timely and accurate information;
As short and as little as possible nuisance;
Serious attention for environment;
Control risks;
Healthy return;
Good cooperation with client;
Goals Poort van Noord
Poort van Noord - Project N33 Assen-Zuidbroek
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Organization BAM as One…
Poort van Noord - Project N33 Assen-Zuidbroek
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Features (BAM as One) • Shared services
– Similar systems
– Similar procedures
Projectmanagement System 2013
Projectmanagement System 2010
2008 Projectmanagement System
Poort van Noord - Project N33 Assen-Zuidbroek
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Poort van Noord - Project N33 Assen-Zuidbroek
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Similar systems..
1 PMI
Poort van Noord
2 Relatics
3 Sharepoint
4 Primavera
5 Metacom/ Ticon
6 KPI dashboard
Poort van Noord - Project N33 Assen-Zuidbroek
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Old situation Assen
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Junction Assen
Junction Assen
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Structure 2, Assen
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Structure 4, Assen
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Assen, Sept 2013
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Junction Veendam
Poort van Noord - Project N33 Assen-Zuidbroek
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Junction Veendam
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Draw bridge
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Draw bridge
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Draw bridge
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Draw bridge
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Draw bridge
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Junction Zuidbroek
Poort van Noord - Project N33 Assen-Zuidbroek
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Junction Zuidbroek
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Junction Zuidbroek
Poort van Noord - Project N33 Assen-Zuidbroek
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