Projects

Federal Ministry of Education and Research in Berlin (BMBF)

Other

BMBF Berlin consists of the design, construction, finance, operation and maintenance of the German Federal Ministry of Education and Research in Berlin, Germany.

Sector

Other

Location

Berlin, Germany

Status

Operational

Equity ownership

98%

financial close

August 2011 - 1%

January 2014 - 98%

Term length

27 years

About

The BMBF building is located in the middle of the government district of the German capital Berlin, opposite the German Federal Chancellery and the Reichstag which is home to the German Bundestag. It has a total gross floor area of approximately 55,000m² and provides offices for 1,000 workstations. The Ministry provides funding for research projects and institutions and sets general educational policy.

The building meets the highest sustainability requirements and was rated "Gold Standard" by the Assessment System for Sustainable Buildings (BNB) in Germany. For example, the building has a smart grid that connects the individual components of the energy supply system, that includes a combined heat and power plant as well as façade and roof solar modules. Moreover, the Ministry is committed to diversity, equal chances and inclusion, to create the best possible working conditions for its employees and pay attention to the compatibility of work with family, care and private life. As a lighthouse project, it is the first civil federal building which was procured in a PPP scheme by the German government.

Following an EU-wide tender, the project was awarded in 2011 to a consortium of Amber, INPP and BAM (in Germany now ZECH), and construction was completed by the subcontracted project partner BAM/ZECH as scheduled in July 2014. Since then, BAM/ZECH has also been the responsible subcontractor for the facility management and maintenance services. The project revenues are availability-based under a concession agreement running until July 2041 and the public sector client is the Federal Republic of Germany.

The project previously received public attention and was awarded Project Finance Deal of the Year 2011 in the category "European Government Accommodation".

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Key impacts and benefits

Project capital cost

c.€ 0 m

Number of people accommodated

0,000

Why we invest in PPPs

PPPs provide much needed critical infrastructure often replacing older public sector properties with new state of the art facilities operated by experienced facilities management contractors. The investments provide stable long-term, index-linked cash flows backed by high quality public sector counterparties.

Stable income from high quality counterparties: The investment companies receive availability-based revenues from public sector counterparties
International delivery model: INPP has invested in PPP assets in Australia, Canada, New Zealand, Europe and the UK
Long-term, predictable cash flows: PPP concessions will typically last for between 25 and 35 years
Risk transfer: Construction and operational risks are transferred to investment company’s supply chain partners
Inflation-protected revenues: Revenues are generally inflation-linked and indexed to local inflation measures, such as the UK’s Retail Price Index (‘RPI’)
Critical infrastructure: INPP’s PPP investments deliver much needed critical infrastructure to the public sector, supporting local societies and communities across our key geographies

Sustainable Development Goals (SDGs)

2030 Agenda for Sustainable Development adopted by UN Member States in 2015

SDGs supported:

SDG contribution

Federal Ministry of Education and Research in Berlin (BMBF)

About

Why we invest in PPPs

Sustainable Development Goals (SDGs)

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