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Fluor Daniel wins privately funded Dutch high speed rail job

FLUOR DANIEL has this week been appointed by the Dutch government to project manage the design, construction and ongoing maintenance of its first major high speed rail link.

The project involves building a £1.6bn HSL-Zuid high speed rail link between Amsterdam and Belgium, where it will connect with the Belgian and French TGV networks.

Fluor Daniel forms part of the Infraspeed consortium, which won the design, build, construct, finance and maintain contract ahead of a second consortium including Amey and Arup.

The Infraspeed consortium includes UK project finance companies Innisfree and Charterhouse Project Equity Investment, Dutch contractor Koninklijke BAM/NBM and electronics firm Siemens Nederland.

Infraspeed has recruited UK consultant Mott MacDonald to provide technical advice.

Infraspeed will need to raise around £800M which it will win back through an annual performance fee of around £65M, potentially doubling the value of its investment over the 25 year concession.

Construction of the civil works is already under way through six separate construction contracts. The train operator will be announced by the end of the year. The line is scheduled for completion in 2005.

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