Completion of two PPP projects

RNS Number : 1798S

BBGI SICAV S.A.

06 July 2015

 



6 July 2015

BBGI SICAV S.A.

(the "Company")

Completion of further interests in

two PPP projects in Australia and the UK

BBGI SICAV S.A. (LSE ticker: BBGI) is pleased to announce that it has completed the acquisition of a further 50% interest in the Northern Territory Secure Facilities PPP Project ("NTSF") in Australia from Commonwealth Investments Pty Limited, as announced on 9 June 2015. BBGI now owns 100% of the equity interest in NTSF.

NTSF is a new 1,000 bed correctional facility, located on a greenfield site at Holtze, near Darwin, Australia. It became operational in 2014 and allows Northern Territory Corrections to engage prisoners in structured daily programs in order to foster rehabilitation and stronger re-integration. The concession term runs until June 2044. BBGI will receive availability payments during the concession period from the Northern Territory government.

BBGI has also completed the acquisition of a further 30% equity interest in the Avon & Somerset Police HQ PPP Project in the UK from Galliford Try Corporate Holdings Limited, as announced on 17 June 2015.

The asset consists of four police buildings (an operation base, two custody and crime investigation centres, and a tri-forces firearms training centre). The concession term runs until March 2038. BBGI will receive availability payments during the concession period from the Avon & Somerset Police Authority.

The acquisition price for the two assets was approximately GBP 37.3 million and was funded from both the Company's existing cash resources and drawings from the credit facility.

For further information, please contact:

BBGI Management Team        [phone]

Duncan Ball

Frank Schramm

BBGI owns a global portfolio of 36 infrastructure assets. These are PPP assets and are supported by contracted, public sector-backed revenue streams, with inflation-protection characteristics.

Further information about BBGI is available on its website at www.bb-gi.com *.

Any reference to the Company or BBGI refers also to its subsidiaries (where applicable).

*Neither the Company's website nor the content of any website accessible from hyperlinks on its website (or any other website) is (or is deemed to be) incorporated into, or forms (or is deemed to form) part of this announcement.

 

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