The project, which reached financial close earlier this month (10 June), is one of the largest infrastructure projects in the
London-based projects chief Matthew Jones led the Dentons team advising the lead arrangers, assisted by energy partners Robert Turner and Tom Eldridge. The arrangers included BayernLB, the European Investment Bank, Fortis and The Royal Bank of
Dutch legal advice was provided to the arrangers by NautaDutilh, with banking partners Arjan Pors and Eric Geerling advising.
The law firms worked opposite Clifford Chance, which took the lead for Coentunnel — a consortium made up of Arcadis, Besix Group, Dura Vermeer, CFE, Dredging International, TBI Bouwgroep and Vinci Concessions.
The magic circle practice fielded a team from its
Work is expected to take five years, with the 30-year project based on a design, build, finance and maintain contract.
Koster said: “This contract is the largest PPP-infrastructure project that has been introduced to the Dutch market in the last couple of years. We are proud to have been able to successfully finalise the financing in spite of the difficult circumstances in the credit markets.”