Work on Calais Port 2015 will be carried out under a design-build contract by project company Société de Projet des Ports du Détroit. The project owner is the operating consortium holding the concession, Société d’Exploitation des Ports du Détroit. The consortium is made up of the Côte d’Opale Chamber of Commerce and Industry (CCI), the Northern France Region CCI, CDC Infrastructure and Meridiam. This innovative structure will serve to keep operating risks strictly separate from construction and maintenance risks.
CDC Infrastructure is a shareholder in both entities (11% in Société d’Exploitation, 40% in Société de Projet) alongside the CCI Côte d’Opale, the CCI Région Nord de France and Meridiam, for a total equity and quasi-equity investment of over €46mn for its shareholding.
The complete financial structure should be in place by July 2015 and includes participation by the Allianz Global Investors Group and third party investors who will subscribe to a €525mn bond issue in addition to the contribution of over €117mn from equity investors, grants of €270mn and support from the European Investment Bank in the form of Project Bond Credit Enhancement (PBCE).
"Through its subsidiary CDC Infrastructure, the Caisse des Dépôts Group is actively involved in developing the infrastructure of Calais and Boulogne-sur-Mer ports, within a sustainable framework designed to support the local economy and protect the environment," said Patrick Vandevoorde, CEO of CDC Infrastructure.