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Contract Award for John Laing Consortium for German Motorway Upgrade

Wednesday, June 11, 2008

The A1 mobil Consortium comprising John Laing, Bilfinger Berger and Johann Bunte has been awarded the contract for the 30-year concession to design, build and widen, finance and operate the A1 Motorway between Bremen and Hamburg in Germany (part of the A-Modell pilot schemes). Financial close is expected in the early summer 2008. The project is the largest PPP project awarded in Germany to date with an investment of €650m. Revenues will be based on tolls raised from heavy goods vehicles using the A1 Motorway.

Derek Potts, Director of John Laing plc commented: “This is a significant award that firmly establishes John Laing in the German marketplace, where we are delivering on our stated strategy of applying our PPP expertise in new markets around the world where we see considerable opportunities both now and in the future.”

The A1 mobil Consortium is 42.5% John Laing owned, with Bilfinger Berger taking 42.5% and 15% Johann Bunte.

The project involves reconstructing 72km of the existing two by two-lane motorway to give three lanes in each direction. Construction work will be carried out by a Bilfinger Berger and Johann Bunte construction JV, with completion due by the end of 2012.

This Contract Award announcement has been made by the Traffic Authority of the State of Lower Saxony working on behalf of the Federal State of Niedersachsen representing the government of the Federal Republic of Germany.

ENDS

For further information please contact:
Vicky Ferries/ Charles Reynolds, Madano Partnership
Tel: +44 (0) 20 7593 4000

Christine Jones at John Laing plc
Tel: +44 (0) 20 7901 3290

Notes to Editors:
About John Laing
John Laing plc is a specialist provider of facilities through public private partnerships with a long-term perspective and approach. The company manages and delivers 61 projects from planning and funding through to design, construction and operation. It is actively involved in the management of a wide range of health, education, police, rail, roads and special purpose government facilities, both in the UK and internationally. http://www.laing.com/