All eight financiers of an ambitious plan to build on top of the Amsterdam ring road where it bisects the Zuidas business park have rejected the council’s investment proposal as financially and politically risky, reports Friday’s Financieele Dagblad (FD).

The potential investors claim the city council wants total control of the project while pushing the financial risks onto them, the paper says, quoting sources in The Hague and the financial sector.
In a confidential letter to the banks and pensions funds, the council admits the current plan is ‘not sufficiently attractive’ for the investors, says the FD.
The cost of building over the ring road, tram tracks and railway will cost €4bn. Of this €2.7bn must come from private companies.
Some 60 skyscrapers containing homes and offices will be built on the roof of the tunnels over a period of 10 years. The idea is that the market parties develop and sell these buildings to earn on their investment.
According to the FD, the current credit crisis also plays a part in investors rejecting the plans.
The paper says finance minister Wouter Bos has now asked Credit Suisse First Boston to come up with an alternative, more attractive investment plan before a crucial council meeting scheduled for June 4.
The investors involved in the Zuidas tunnel plan include six banks (ABN Amro, Fortis, ING, Rabo, BNG and Bank of Scotland), Schiphol airport and pension fund ABP.