Gide Loyrette Nouel advises on the PPP for the new Montigny-L
18 Apr, 2011
The Regional Authority of Lorraine and the project company BATYS entered into a public-private partnership (PPP) on 28 February 2011 for the reconstruction and extension of the Lycée Professionnel Régional des Métiers du Bâtiment et des Travaux Publics (a vocational secondary school for pupils entering the construction and public works sector) at Montigny-Lès-Metz, eastern France.
This PPP takes the form of a partnership agreement over 22 ½ half years. The rebuilding and extension work is due to last 35 months and will be organised in two phases to ensure that the school’s current activity remains unaffected.
This project forms part of the Regional Investment Programme for secondary schools in Lorraine and also includes other PPPs for the construction of three new lycées in the region. At the same time, the department of Moselle is implementing a programme for the renovation and reconstruction of some of its collèges (middle schools), including two establishments within the framework of a single partnership agreement.
The BATYS company was specially set up for the purposes of the project by a consortium of sponsors comprising demathieu & bard, FIDEPPP (a PPP private equity fund managed by Natixis Environnement & Infrastructures) and CELCA (Caisse d’Epargne et de Prévoyance Lorraine Champagne Ardenne). CELCA also acts as the lending bank, along with Crédit Foncier de France. Group demathieu & bard will be in charge of design and construction, while servicing and maintenance will be entrusted to an economic interest group (EIG) comprising maintenance company SEEM and demathieu & bard.
The sponsors and BATYS were advised by Gide Loyrette Nouel. From the launch of the competitive tendering procedure to the completion of the financing plan, Gide Loyrette Nouel committed a team led by Thomas Courtel, partner, and Marie Bouvet-Guiramand, with Estelle Carrère-Ricome and Mathilde Bonnet.
The Lorraine Region was advised by Salans & Associés SCP: Marc Fornacciari and Justine Verrier.
The banks arranging the senior debt were advised by Herbert Smith.