N33 Assen-Zuidbroek highway P3, Netherlands

Solution

Poort van Noord, a special-purpose company formed by BAM PPP and pension fund PGGM Infrastructure Cooperation UA, commissioned us to conduct technical due diligence on behalf of the lenders.

We dealt with the lenders’ differing needs by being flexible and responsive, and by using our extensive communication skills. Our experience in public-private partnership procurement helped us understand the requirements of lenders and appreciate the needs of sponsors for a practical and open approach.

Outcome

Mott MacDonald’s due diligence review gave the pension fund significant confidence to enable them to fund the project.

Our previous experience with the project sponsors enabled rapid development of a close working relationship. We anticipated our clients' need to highlight concerns and information requirements early, and we aligned this with our understanding of the lenders’ funding issues and their need to satisfy the concerns of their credit communities.

After completing due diligence of Poort van Noord’s technical bid documents, we carried out construction and operations monitoring during the project's remaining phases. Once completed, Poort van Noord will oversee the maintenance of the N33 highway for 20 years.