Wintrack II contract Heijmans-Europoles and TenneT terminated, work has been stopped

As a result of difference of opinion in the project, TenneT has terminated The Wintrack II contract and the realisation of this project has been stopped. The contract involves the construction of new high-voltage pylons for two tracks: Eemshaven-Vierverlaten and Borssele-Rilland. The Heijmans-Europoles consortium is currently in talks with the client, TenneT, about the settlement. TenneT granted the consortium the contract in January 2017 under the header ‘Realisatie Wintrack II, Noordwest 380kV en Zuidwest 380kV’. In the consortium, Heijmans is responsible for the construction of the foundations for the high-voltage pylons, while Europoles is responsible for the pylons themselves. 

A difference of opinion has risen between the consortium and the client. As a result of this, TenneT has decided to terminate the contract. At the moment, consultations are ongoing with TenneT to discuss the financial settlement.

In addition, Heijmans’ German partner Europoles applied for an insolvency procedure in Germany due to financial problems, intended to realise a sustainable restructuring of the company.

About Heijmans 
Heijmans is a listed company that combines activities related to property development, building & technology, roads and civil engineering in the areas living, working and connecting. Our constant focus on quality improvements, innovation and integrated solutions enables us to generate added value for our clients. Heijmans realises projects for private consumers, companies and public sector bodies, and together we are building the spatial contours of tomorrow. You will find additional information at our website: www.heijmans.nl.

For more information / not for publication:

Media
Marieke Swinkels-Verstappen
Communications
+31 73 543 52 17
mswinkels-verstappen@heijmans.nl

Analysts
Guido Peters
Investor Relations
+ 31 73 543 52 17
gpeters@heijmans.nl

Attachment

• Heijmans press release TenneT