Deals Counterparts

John Laing and Stegra enter into a private-to-private partnership for water treatment services

Partnership Utilities announced Boden, Sweden Oct 17, 2024
construction
Stage
Stegra Water Treatment Plant
Project

John Laing structured a private to private partnership (PtPP) with Stegra to provide essential water treatment services through the design, build, financing, operations and maintenance of the Water Treatment Plant (WTP). John Laing led the structuring of an attractive and robust, long-term senior finance package with ECA backing to support the wider Stegra Steel plant project.

Deal Analysis

John Laing and Stegra's private-to-private partnership (PtPP) in Sweden for water treatment services represents a strategic collaboration to deliver essential infrastructure. John Laing's role in structuring the financing package, including securing ECA backing, is crucial for the success of the wider Stegra Steel plant project. This partnership leverages the strengths of both companies: Stegra's engineering and construction expertise and John Laing's infrastructure investment and management capabilities. The deal underscores the increasing importance of private sector involvement in developing and maintaining critical utility infrastructure. The partnership is notable due to the involvement of established players in the infrastructure space. John Laing's expertise in structuring complex financing arrangements, particularly with ECA support, is a key element. While the deal value remains undisclosed, the project's focus on supporting a steel plant suggests a significant investment in water treatment infrastructure. This PtPP model could serve as a template for future collaborations in the utilities sector, particularly in projects requiring specialized financing and operational expertise. The deal's location in Sweden, a developed market with a strong emphasis on sustainability, further highlights its strategic importance.
  • Private-to-private partnership (PtPP) model.
  • John Laing's role in structuring senior finance with ECA backing.
  • Collaboration between established infrastructure players.
  • Focus on sustainable solutions within the utilities sector.
Market Context: The utilities sector, particularly water treatment, is experiencing increased investment driven by aging infrastructure and growing demand for sustainable solutions. Public-private partnerships and private-to-private partnerships are becoming increasingly common models for financing and delivering these projects, leveraging private sector expertise and capital.

Source Intelligence

KEY DETAILS

John Laing has 100% ownership interest: "100% John Laing ownership interest" The plant will produce 5 million tonnes of green steel annually by 20230: "The project will produce 5 million tonnes of green steel annually by 20230, reducing CO 2  emissions by up to 95% compared to traditional steelmaking methods."

Location
John Laing acquired the greenfield development of the Water Treatment Plant (WTP) that is critical to the operations of the Stegra industrial plant in Boden, Sweden.
Announcement
John Laing invests in the world’s first large-scale green hydrogen steel plant Thursday, 17 October 2024
COD
Construction started in Q3 2023 and operations are expected to start at the end of 2026.
PARTIES MENTIONED IN SOURCE
J
John Laing investor

"A first-of-a kind investment where John Laing is the first sole sponsor and equity investor in critical ancillary infrastructure services for the world’s first large-scale hydrogen-enabled steel facility."

S
Stegra counterparty

"John Laing structured a private to private partnership (PtPP) with Stegra to provide essential water treatment services through the design, build, financing, operations and maintenance of the Water Treatment Plant (WTP)."

A
Aquatech construction partner

"The construction partner for the WTP is Aquatech."

high quality Enriched Feb 19, 2026

Timeline

Announced
Oct 17, 2024
Signed
Closed

Market Context

This deal is part of the Utilities sector in Sweden.
65
Utilities deals
45
deals in Sweden
1 of 65 Utilities deals tracked this month · Updated daily

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