Render of a future prison
Render of a future prison

Infrastructure

Fulfilling the Belgian government’s vision of a ‘humane prison’ focused on rehabilitation

Belgium’s largest social infrastructure PPP project to date.

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Sector Infrastructure
Sub-sector Social
Location Belgium

Opportunity

Haren Prison is a €350 million Design, Build, Finance and Maintenance (DBFM) project of the new 1,190 person prison located in Belgium. The project is expected to solve capacity problems by replacing three other prisons in Brussels.

Approach

Macquarie Capital acted as sole financial adviser and majority sponsor on this project leading two debt financing competitions over a five-year period. The final structure involved eight lenders who provided a combination of construction equity bridge loans and long-term loan facilities.

Outcome

Humane

Designed using an innovative 'prison village' structure

Rehabilitation

First PPP to incorporate the Belgium government's mandate to develop rehabilitation facilities

Debt financing

Korean financial institution investment created a new source of competitive debt financing

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