Dendermonde Prison PPP

Overview:

• BAM PPP, selected by Belgian Buildings Agency and the Federal Governmental Department of Justice, has completed financing for the construction of Dendermonde Prison in Belgium.
• Under the public-private partnership contract, BAM Utiliteitbouw and BAM Interbuild will design and build the new prison, which will have a 444 inmate capacity, with BAM Facility Management then maintaining it for a 25 year period.
• The project is valued at €194 million.
• Belfius Bank, Nationale-Nederlanden bank, AG Insurance and Coöperatieve Rabobank provided facility financing.
• Construction is expected to be completed by October 2022.

Natasha Forrest - Researcher