|
|
Norddeutsche Landesbank Girozentrale
who we are
Norddeutsche Landesbank Girozentrale (NORD/LB) is a leading German bank, headquartered in Hannover, with branch offices in New York, London, Singapore, Stockholm, Vilnius, and Helsinki. The bank was formed in 1970 through the merger of four financial institutions whose origins date back to 1765. With total assets in excess of US $200 billion, NORD/LB is a major international financial institution ranked number 10 in Germany, 35 in Europe and 55 globally.
NORD/LB's mission is to help corporate and government executives bridge the gap between infrastructure needs and available financial resources. The bank's sector expertise includes inter alia transportation, water/waste, energy, and manufacturing. By focusing on efficient project development strategies and innovate financing techniques which utilize public/private risk sharing where appropriate, the bank provides the following value driven services:
- Comprehensive Project and Structured Finance Advisory Services
- Export Finance Solutions
- Structuring and Arranging of Debt and Equity Capital
- Underwriting and Syndication
- Commercial Lending
The bank has gained extensive transportation related experience through its participation in major projects around the world. NORD/LB will provide financial advisory services, commercial lending and lease financing and help arrange private equity funding for York Regions rapid transit initiative.
What we've done
Arrow Light Rail Limited |
| Client: |
Arrow Light Rail Limited / UK |
| Duration: |
2000 2025 |
| Construction Cost: |
£ 284.58m |
| NORD/LB Role: |
Lead Manager |
Project Description:
|
- Design, construction, commissioning, maintenance, operation and financing of new tram line for the city of Nottingham and the county of Nottinghamshire (PFI project).
- Construction of one 14 km new tram route to provide public transport services under the UK PFI initiative as part of the regional transport strategy.
- Provision of trams, tracks, ticket machines etc. and operation of the system under performance and availability scheme.
- Project Company will receive Availability Payments (subject to performance and availability deductions) and receive income from ticket sales and fares being able to influence ticket prices and timetables (subject to certain criteria).
- Concession of 30.5 years; scheduled opening end 2003.
| |
|
| |
Metronet BCV Ltd. and Metronet SSL Ltd. |
| Client: |
Metronet BCV Ltd Metronet SSL Ltd (both UK) |
| Duration: |
2003 2030 |
| Construction Cost: |
£ 1.02b |
| NORD/LB Role: |
Underwriter |
Project Description:
|
- PPP Project for the London Underground (twin project = 2 Lots of 3)
- 27-years project finance to fund under a 30-year PPP concession - the maintenance, renewal and upgrading of the infrastructure of the London Underground (BCV Bakerloo, Central, Victoria, Waterloo and City), (SSL District, Circle, Metropolitan, Hammersmith & City, East London)
- No responsibility for public transport service delivery and overall safety
- Service contract sets out the performance regime for the trains, stations and infrastructure for the relevant lines.
- Metronet receives a periodic Infrastructure Service Charge (subject to a performance and availability scheme) that is fixed for every 7.5-year Review Period and covers all costs & expenses plus equity return if Infraco operates in an Economic and Efficient manner.
- Services include provision and maintenance of rolling stock and signalling, tracks as well as stations and other civils.
| |
|
|
| |
Birmingham Northern Relief Road (BNRR), UK |
| Client: |
Midland Expressway Limited (UK) |
| Duration: |
2001 - 2010 |
| Construction Cost: |
£ 674.5m |
| NORD/LB Role: |
Arranger |
Project Description:
|
- Funding a PPP project as well as bridge financing the equity contribution of the sponsor (until completion in 2004).
- Design, construction, financing, operation and maintenance of the (new) BNRR (M6 Toll), a 42km motorway which by-passes the most heavily congested section of road in the UK i.e. the M6 motorway north of the West Midlands conurbation (Birmingham, Solihull, Wolverhampton and West Bromwich).
- Debt service, returns on sponsor equity and ongoing operation and maintenance costs will be met by tolls levied on vehicles using the motorway.
- BNRR will be the first real toll road in the UK with no restrictions on toll levels.
- Official opening will be in 01/2004
- The project has a 53-year concession granted by the Department of the Environment, Transport and the Regions (DETR).
| |
|
| |
Traffic Information Services (TiS) Limited, UK |
| Client: |
Traffic Information Services (TiS) Limited, UK |
| Duration: |
2001 2010 |
| Construction Cost: |
£ 66.7m |
| NORD/LB Role: |
Senior Lead Manager |
Project Description:
|
- Private Finance Initiative project to construct a Traffic Control Centre facility and build and operate communications infrastructure that will obtain information on traffic conditions on the long distance road network in England and supply travel information to end users.
- Interim services start date 01/2002, Start Date 01/2004
- TiS will provide buildings, infrastructure and services
- Concession granted by Highways Agency (executive agency of UK Government's Department of Transport, Local Government and the Regions).
- PFI is under performance scheme, e.g. payments made by HA to TiS are fixed (although partially indexed to inflation and subject to reductions in the event of poor performance).
| |
|
| |
TubeLines Ltd, UK |
| Client: |
TubeLines (Holdings) Limited (UK) |
| Duration: |
2002 2027 |
| Construction Cost: |
£ 1.795b |
| NORD/LB Role: |
Lead Manager |
Project Description:
|
- PPP Project for the London Underground
- 25.6-years project finance to fund under a 30-year PPP concession - the maintenance, renewal and upgrading of the infrastructure of the London Underground (JNP: Jubilee, Northern and Piccadilly Line)
- No responsibility for public transport service delivery and overall safety
- The Service Contract sets out the performance regime for the trains, stations and infrastructure for the relevant lines.
- TubeLines receives a periodic Infrastructure Service Charge (subject to a performance and availability scheme) that is fixed for every 7.5-year Review Period and covers all costs & expenses plus equity return if Infraco operates in an Economic and Efficient manner.
- Services include provision and maintenance of rolling stock and signalling, tracks as well as stations and other civils.
| |
|
| |
UK Highways (M40) Ltd., UK |
| Client: |
UK Highways (M40) Limited (UK) |
| Duration: |
1996 2025 |
| Construction Cost: |
£ 130m |
| NORD/LB Role: |
Lead Manager |
Project Description:
|
- Design, build, finance and operate (DBFO) contract to widen, operate and maintain the M40, a 123km stretch of motorway that links London with the Midlands under a 30-year concession to 2026.
- Motorway opened in 01/1999
- Debt service, returns on sponsor equity and ongoing operation and maintenance costs will be met by a shadow toll scheme in line with vehicle usage and paid by Highways Agency (acting for the Department of Transport, London and the Regions).
| |
|
|
| |
CityLink Telecommunications Limited |
| Client: |
CityLink Telecommunications Ltd / UK |
| Duration: |
1999 2017 |
| Construction Cost: |
£ 777.15m |
| NORD/LB Role: |
Lead Manager |
Project Description:
|
- Take-over and upgrade of London Underground's existing radio & telecom system and implement & operate new system (PFI project).
- Start of Operation 11/1999 Concession 20 years expiring 2019
| |
|
| |
London & Continental Railways Limited |
| Client: |
London & Continental Railways Limited / UK |
| Duration: |
1998 2005 |
| Construction Cost: |
£ 525m |
| NORD/LB Role: |
Lead Manager |
Project Description:
|
- Design, construction, operation and financing of the Channel Tunnel Rail Link (PFI project).
- Installation of railway infrastructure in 2 sections (74 km and 39 km) between Channel Tunnel and London.
- Section 1 due to be completed by 09/2003 and Section 2 by 2007
- Railway infrastructure consists of track work, overhead electrification system and electrical and mechanical systems, signalling, train control and communications as well as depots for distribution of equipment also roads, bridges etc.
| |
|
|
| |
HSL High Speed Link |
| Client: |
Infraspeed B.V., Zoetermeer / Netherlands |
| Duration: |
2002-2032 |
| Construction Cost: |
EUR 1.065 billion |
| NORD/LB Role: |
Lead Manager |
Project Description:
|
- DBFO of high speed rail superstructure between Amsterdam and the Belgian border, Netherlands.
- Construction of a new rail route between Amsterdam and the Belgium border to provide high speed services as part of the Trans-European rail network under management of Project-Organisation HSL-Zuid on behalf of the Dutch State.
- The HSL Project is one of the largest Public Private Partnership high speed railway projects in Europe to date and the largest PPP contract ever awarded by the Dutch Government to a private party.
Technical Data:
- Total length: approx. 100 kilometres of dual track.
- Scheme includes embankments and a number of other civil engineering structures: flyovers, tunnels/underpasses, aquaduct and a major bridge.
- Scheduled opening in 2006.
- Stations at Amsterdam, Schiphol, Rotterdam, The Hague and Breda.
- HSL Zuid designed for train speeds up to 300 km/h.
- Shield driven tunnel (7 kilometres) under the Green Heart of Holland.
- Europe's most modern train control system.
- No level crossings.
- Dedicated track.
| |
|
|
|
Warnow Tunnel Crossing |
| Client: |
Warnowquerung GmbH & Co. KG (Germany) |
| Duration: |
1999-2033 |
| Construction Cost: |
EUR 216 m |
| NORD/LB Role: |
Financial Adviser and Arranger |
Project Description:
|
- The first Public Private Partnership Project for road infrastructure in Germany
Based on a special law which shall allow to realize the errection of urgently needed tunnel- and bridge-objects as well as mountain passages and multi line federal highways with seperated driving directions in a mid range time period, which could in general not be financed out of public ressources within several decades within a concession-model": private investors are taking over the development, construction, operation and maintenance of a strictly defined and limited road project. For their refinancing they get the permission to levy toll.
| |
|
|
|
Bangkok Mass Transit System (BTSC), Bangkok/Thailand |
| Client: |
Siemens Financial Services GmbH |
| Duration: |
1998-2009 (originally scheduled before default) |
| Construction Cost: |
USD 1.704 billion |
| NORD/LB Role: |
Participant |
Project Description:
|
- 23.5 kilometer elevated electrified mass transit railway system in Bangkok:
- heavy rail dual track railway elevated some 12 meters above public roadways in Bangkok through the use of viaducts constructed of precast concrete box girders.
- Consists of two operating lines with 23 elevated stations, including one common interchange station.
| |
|
| |
Asia Pacific Transport Finance Pty Ltd |
| Client: |
Asia Pacific Transport Finance Pty Ltd / Australia |
| Duration: |
2001 2016 |
| Construction Cost: |
A$1,080 million |
| NORD/LB Role: |
Senior Lead Manager |
Project Description:
|
- Development, design, construction and operation of a 1,430 km railway line from Alice Springs to Darwin in Australia.
- Total project cost is A$1,320 million, which includes the acquisition of rolling stock, construction of freight terminals and capital improvements to the Port of Darwin.
- Concession term is 50 years and the project is expected to reach completion in 2004.
- Currently freight is transported by trucks from Alice Springs to Darwin, and this project will provide a quicker and more efficient means of freight transportation.
| |
|
 |