Infrastructure's total assets declined from € 228 million to € 214 million.The order book contracted from € 1152 million at year-end 2011 to € 900 million because of good progress on several major multiyear projects, and the absence of new large project acquisitions in the past year. In the next few years there will be substantial production from attractive projects, such as the A2 in Maastricht, which was acquired in a new contract form, and the large multiyear PPP project for the Maasvlakte - Vaanplein section of the A15. Among the good news was the completion early this year of the financing for the major Butendiek offshore wind turbine project in Germany. The contract for the design, delivery and installation of eighty foundations for approximately € 250 million was already in the order book at year-end 2011. Also in early 2013, Ballast Nedam acquired a contract for a wind farm in the Northeast Polder. Ballast Nedam is designing, delivering and installing the foundations for 48 water-based wind turbines along the dikes of the polder. Financial close must be reached in the spring of 2014, and the project has yet to be added to the order book.
Building & Development x EUR 1 million 2012 2011 Revenue 573 642 EBIT ( 26) 8 Margin (4.6%) 1.2% Order book 731 693 Assets 314 346