The N33 Assen-Zuidbroek project will improve traffic flow in the region and increase road safety on the highway.
The project widens 24 miles (38 kilometers) of the N33 from single to dual carriageway. It includes 27 structures, including the construction of a movable bridge over the Winschoterdiep canal. The N33/A7 junction will be remodeled to a cloverleaf interchange.
The N33 project is the first project where a pension fund had a role in the senior debt of an infrastructure project in the Netherlands. The Dutch government aims to develop a system for attracting pension funds as financiers for future infrastructure projects.
Differing requirements and experience in the area of debt financing between the pension funds and the commercial banks involved required skillful conciliation.