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BBGI SICAV buys further stake in East End Crossing PPP project

Thursday, 16th May 2019
BBGI SICAV, the global PPP infrastructure investment company, completed the acquisition of an additional 33.3% stake in the Ohio River Bridges - East End Crossing PPP Project, raising its total stake in the project to 66.6%.

The East End Crossing 'greatly 'improves connectivity, public safety and economic growth for residents, businesses and visitors in the Southern Indiana region,' the company said. The project opened to the public in December 2016.

'Having been involved in the project from construction and then into operation, we know the asset well and have been very pleased with the performance to-date,' said Duncan Ball, Co-CEO.

'Given our existing involvement with this project, no additional management resources will be needed to oversee the incremental investment, helping to contribute to BBGI's low on-going charge.'

At 9:52am: (LON:BBGI) BBGI Sicav S.A. share price was +0.75p at 157.75p

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