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From tolling to availability payments. PPP in the Hungarian motorway development

From tolling to availability payments. PPP in the Hungarian motorway development Ferenc Tóth Concession director Content History of the Hungarian tolling Status of the motorway network Development Plans Ongoing works PPP sections PPP model Legal background

JasminFlorian
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From tolling to availability payments. PPP in the Hungarian motorway development

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  1. From tolling to availability payments. PPP in the Hungarian motorway development Ferenc Tóth Concession director

  2. Content • History of the Hungarian tolling • Status of the motorway network • Development Plans • Ongoing works • PPP sections • PPP model • Legal background

  3. History of Hungarian tolling • 1994, M1 the first tolled motorway, ELMKA • 1996, M5 motorway a concession road toward Yugoslavia • 1996, State owned toll company : ÉKMA • 1999 vignette system • 2003 development program in Act • 2004 destruction of the last toll system • 2005 motorway development with PPP

  4. Status of the motorway network • The length of the network is ~650 km in total • ~540 km motorway • ~110 km expressway • Density is ~7 km/1000 km2 • Radius (capitol centralized) network • M5 motorway is operated in PPP scheme • Budapest- National border (Röszke) 156 km • concessionaire is AKA Rt.

  5. UA Tornyosnémeti Tisza M30 M3 Miskolc SK M25 Emőd Nyíregyháza M2 Parassapuszta M15 A Polgár Eger Duna M3 M9 Győr Vác M0 M35 Füzesabony M1 Sopron BUDAPEST M86 Debrecen Tatabánya M4 M4 Szombathely Szolnok Székesfehérvár M8 Veszprém RO M8 Dunaújváros Rábafüzes M44 Kecskemét Zalaegerszeg Bkeresztúr Békéscsaba Boglárlelle M6 M7 Kiskunfélegyháza Nagykanizsa M5 M70 M9 Szeged M43 SLO Letenye Szekszárd Kaposvár Baja Mohács Nagylak Röszke Pécs Existing motorway,March 2006 Motorway (2003-2006)Motorway (200872015) Expressway (2003-2007) Expressway (2008-2015) Expressway under construction (2008-2015) M6 HR YU Ilocska Motorway development planof Hungary

  6. Works in progress • Ongoing constructions: • M3 Görbeháza-Nyíregyháza (39 km) • M3 Nyíregyháza bypass (8+16 km) • M35 Görbeháza-Debrecen (35 km) • M35 Debrecen bypass (9+4 km) • M6 Between M0-Érd (9 km) • M7 Zamárdi-Balatonszárszó (14 km) • M7 Balatonszárszó-Ordacsehi (20 km) • M7 Nagykanizsa-Balatonkeresztúr (35km) • M7 Ordacsehi-Balatonkeresztúr (26 km) • M8 between M6-Rd51 (5 km) • PPP projects • M5 Kiskunfélegyháza-Szeged (46 km) • M5 Szeged-Röszke (15 km) • M6 Érd-Dunaújváros (59 km)

  7. PPP motorways • M5 motorway • Concession contract signed in 1994 • concession rights for 35 years • design, build, operate and finance tasks • AKA Rt. is the Concessionaire • M5 used to be real tollmotorway • from March 2004 the vignette system has been applied • toll booths are being demolished • In December 2005 the Phase 2 section opened (46 km) • In March 11th 2006 the Phase 3 section opened (15 km)

  8. PPP motorways • M6 motorway • invitation for Tender under concession published in February 2004 • concession rights for 22 years • design, build, operate and finance tasks • Tender was open to domestic and international bidders • Three Tenderers were short-listed • Contract has been endorsed with M6 Duna Autópálya Konzorcium • Planned opening for operation : 2006

  9. PPP model • Payment mechanism • revenues from vignette are collected by the State • monthly availability fee to be paid to the Concessionaire with possible deduction of • temporary unavailability • safety related problems • failure to meet of operational requirements • further payments can be made • linked to the volume of HGV • payments being indexed to inflation and exchange rate

  10. PPP model • Risk allocation • Risk Allocation Matrix is provided to Tenderers • Design Risks • Construction and Development Risks • Availability and Performance Risks • Maintenance/Life Cycle Risks • Variability of Revenue Risks • Residual Condition on Hand-back • Other Risks • Risks are distributed between Public and Private sector with the alternative to share them

  11. Legal background • Act of 1991. XVI ( „about concession”) • Act of 2003. CXXVIII („about public interest and development of expressway network”) • Act of 2005. LXV ( supplement to Act 2003. CXXVIII) • 317/2005 Government Decree „about Program roads” (expressways to be financed from private sources)

  12. Thank you for the attention! Contact info: toth.ferenc@nart.hu Tel: +36 1 436-8171 Fax: +36 1 436-8055

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