TINC invests in safe and smooth traffic on the Brussels ring road (B)


Antwerp October 18, 2024, 17:30 CET


TINC, the infrastructure investor listed on Euronext Brussels, joins the SPI.R0 consortium of
contractors Jan De Nul and Willemen that was awarded the tender for the conversion of the R0 x A201
traffic interchange connecting the Brussels ring road to Brussels Airport.

Conversion of traffic interchange R0 x A201

The Flemish government has awarded to the consortium consisting of contractors Jan De Nul and
Willemen the tender for the conversion of the interchange in a bundled and traffic-light controlled
entry/exit complex and this by way of a DBFM PPP formula. The consortium is responsible for the
Design, the Build, the Finance and 30-year Maintenance of the infrastructure in return for availability
fees paid by the Flemish Agency for Roads and Traffic. The 34-year project has a value of around € 350
million. Construction works start in October 2024 with expected availability in spring 2028.

100 % Belgian funding

The project is 100% financed by local financial partners. Equity is contributed by De
Werkvennootschap (10%) and the private partners TINC, Jan De Nul and BE.SHARPPP - a company of
Willemen Groep for financing and managing PPP projects (90%). Long term debt financing is provided
by AG Insurance, Belfius Bank, Federale Verzekering and KBC Bank.

TINC invests € 17 million

TINC has committed to invest about € 17 million in this project for a 45% participation in the project
company. The actual funding of this investment commitment will occur in 2028 at commissioning.




TINC NV - Karel Oomsstraat 37, 2018 Antwerp, Belgium - T +32 3 290 21 73 - www.tincinvest.com Page | 1
"We look forward to working together with the Flemish Government and our partners Jan De Nul and
Willemen to realise this important project on the Flemish road network. With our financial
involvement, we are strengthening this experienced and local consortium. This investment fits perfectly
with the ambition of TINC to invest in projects and companies that contribute to the infrastructure of
tomorrow. We look forward to the successful completion and smooth commissioning of the new road
infrastructure." - Karoy Hornyák, Director Public Infrastructure TINC.




About TINC

TINC is a listed investment company that seeks to create sustainable value by investing in the infrastructure for
the world of tomorrow. TINC participates in companies that are active in the realization and operation of
infrastructure and holds a diversified portfolio of participations in focus areas such as public infrastructure,
energy infrastructure, digital infrastructure and selective real estate in Belgium, France, Ireland and the
Netherlands.

For more information, please visit www.tincinvest.com.

Contact

Manu Vandenbulcke, CEO TINC
T +32 3 290 21 73 - manu.vandenbulcke@tincinvest.com
Filip Audenaert, CFO TINC
T +32 3 290 21 73 - filip.audenaert@tincinvest.com




TINC NV - Karel Oomsstraat 37, 2018 Antwerp, Belgium - T +32 3 290 21 73 - www.tincinvest.com Page | 2