Brief: Tinc Joins Consortium For Traffic Interchange In Brussels

Tinc NV

18/10/2024 16:51

Oct 18 (Reuters) - Tinc NV  TINCC.BR :
    * INVESTS IN SAFE AND SMOOTH TRAFFIC ON THE BRUSSELS RING
    * JOINS THE SPI.R0 CONSORTIUM OF CONTRACTORS JAN DE NUL AND
WILLEMEN
    * CONVERSION OF THE R0 X A201 TRAFFIC INTERCHANGE CONNECTING
THE
BRUSSELS RING ROAD TO BRUSSELS AIRPORT
    * CONSORTIUM IS RESPONSIBLE FOR THE  DESIGN, THE BUILD, THE
FINANCE AND 30-YEAR MAINTENANCE OF THE INFRASTRUCTURE
    * 34-YEAR PROJECT HAS A VALUE OF AROUND € 350 MILLION
    * CONSTRUCTION WORKS START IN OCTOBER 2024 WITH EXPECTED
AVAILABILITY IN SPRING 2028
    * TINC INVESTS € 17 MILLION
    * 45% PARTICIPATION IN THE PROJECT COMPANY
    * ACTUAL FUNDING OF THIS INVESTMENT COMMITMENT WILL OCCUR IN
2028
AT COMMISSIONIG

Further company coverage:  TINCC.BR 

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