DutchNews.nl - Pension funds invest in motorway extension

Home

Opinion

Services

New to Amsterdam and in need of a helping hand? Expats in Amsterdam
Rent an open boat in Amsterdam with Sloep Huren Amsterdam
Delicious food provided by Catering Amsterdam
Make the most of your teeth with Dentist Amsterdam
Check out Expats in Rotterdam for jobs, housing and social clubs
Apartment Amsterdam provides fully serviced apartments in city centre
Looking for apartments for rent? Search our huge offer of rental apartments for expats
Get away from it all by renting a classic boat through Boot Huren Amsterdam
Visit Expats in Utrecht for advice and information for internationals

««« previous

Pension funds invest in motorway extension

Wednesday 05 September 2012

Two pension funds are to invest €130m in the extension of the N33 motorway between Assen and Zuidbroek, the Financieele Dagblad reports on Wednesday.

It is the first time pension funds have invested in road-building from the start of a project, the paper says.

Pension funds were always reluctant to invest in state infrastructure projects, but the civil service fund ABP and the healthcare fund Zorg en Welzijn were persuaded by offers of inflation-proof loans, where the pension funds receive compensation for inflation in return for a lower interest rate.

'We are pleased this has worked out,' a spokesman for fund manager APG told the paper. 'We hope the door is now open for larger investment projects.'

The N33 will be twice as wide and the new lanes will open in 2015.

Subscribe Newsletter | Print-version | News archives | Comments policy