Allen & Overy LLP advised Bayerische Landesbank, DekaBank Deutsche Girozentrale, DZ BANK AG Deutsche Zentral-Genossenschaftsbank and KfW IPEX-Bank GmbH on the financing of the PPP project for the A94 motorway between the German towns of Forstinning and Marktl with a total volume of around EUR 409 million. In addition to the four German banks, the European Investment Bank (EIB) also has a share in the financing.

The project comprises the construction of a 33 km motorway section with four lanes between Pastetten and Heldenstein as well as the maintenance and operation of further sections with a total length of 44 km. The financing agreements were concluded on 19 January 2016.  Construction will commence in the coming months and is expected to be completed in the second half of 2019. The project, which is based on the availability model, has a volume of around EUR 1.1 billion and will run for a term of 30 years.

The Allen & Overy team comprised partner Dr. Peter Stenz, senior associate Kathrin Pätzold-Schwarz and associates Dr. Dr. Tajan Tober and André Melchert (all banking and finance, Frankfurt), who were assisted by the public law and tax law specialists from the firm's Frankfurt office as well as teams from Allen & Overy Amsterdam and Paris.