- Liliana Jighira
- Thu, August 30, 2018, 8:00 am
On Wednesday, the government approved the Public Private Partnership (PPP) study on the design, construction and operation of the Ploiesti – Brasov highway and the operation of the current Bucharest – Ploiesti motorway. The value of the project execution amounts to approximately 1.4 billion euros, and the grounding study shows that PPP will only be spread over two years in two phases. The first phase is 4 years for design and execution and 20 years for use. Drivers will pay toll for the use of the motorway and during the PPP the state pays the private partner an annual amount to write off the investment, but also an availability allowance for the operating phase of the motorway. The study also takes into account the load on the current motorway between Bucharest and Ploiesti in 2019.
Award procedures start in September
Prime Minister Viorica Dăncilă said before the governmental meeting in which the Fundamental Study on the construction and operation of the Ploieşti-Comarnic-Braşov motorway segment and the operation of the Bucharest-Ploieşti motorway was approved that "from September the award procedures and the competitive dialogue will start with the investors so that by the end of this year we will be able to sign this very important contract. "Dance stated that the design and execution period from 2019 is up to four years and that the estimated value for design and construction is about 1.36 billion euros amounts. At the end of the government meeting, government spokeswoman Nelu Barbu said that the state-funded research also provides for state premiums if the execution work has been completed in advance, but also penalties for delay. "In the case of the extension of 48 months of works for the design and execution of works, the private partner of the public partner receives a success amount equal to the weight in one year of the overdue period, the total value of which the successful bonus is set at 100 million euros per year If the completion of the design and implementation period is delayed, the private partner pays the public partner a penalty corresponding to the weight of the delay period, with the annual fine being 100 million euros, "explained Barbu.
118 page & # 39; s groundwork
The National Commission for Forecasting, the designated institution responsible for implementing this objective through public-private partnerships, published the 118-page substantiation study on its website. According to the study, the motorway was divided into sectors: sector 1 – Ploiesti-Comarnic, km 0 + 000 – km 48 + 600, sector 2 – Comarnic-Predeal, km 48 + 600 – km 84 + 800, sector 3 – Predeal – Braşov (Cristian), km 84.4 – km 106.2 (with the mention that the Rasnov – Cristian section was already contracted for execution). For the sector Ploiesti – Brasov (Cristian) the project provides for more "works of art", including 14 viaducts and 33 bridges with a total length of about 3 km, as well as 2, 6 km double corridors. At the same time, road junctions, motorway access roads, relocation of utilities, hydrotechnical works and limitation of environmental effects have been included.
Two-step PPP over a period of 44 years
The document argues for the implementation solution through a Private Public Partnership (PPP) that takes place over a period of 44 years but in two phases. Phase 1 stipulates that documentation, design services, execution of works, maintenance will take place over a period of 24 years. According to the plan, the design and execution of the works would last only four years, after which the public partner – that is, the Romanian state – will pay the private partner an annual sum as a contribution to the amortization of the investment, as well as a payment for any time the highway is open. Phase 2 would have a period of 20 years and would require the project to be amortized at cost level free of charge, including the residual value of the construction at the end of Phase 1.
The document notes that "at the end of the term of the contract [n.r. etapa 1] the motorway has a residual value of approximately 60% of the construction costs. "
Tax on A3 Bucharest – Ploiesti from 2019?
The study also notes that for the already operating sector between Bucharest and Ploiesti, the private operator will be able to charge taxes once the toll system is installed (page 102), starting with 2019 when the contract is estimated. On the basis of the calculated calculations, the 62 km of the highway Bucharest-Ploiesti would therefore yield 18 million euros in 2019, more than 23 million euros in 2025 and more than 28 million euros in 2030. The partner Private finds financing and pays for the construction. The state makes payments and repayment payments available for the investment. The project costs are borne by the private partner and consist mainly of the costs related to the construction work (feasibility study, design, project organization, project management, field studies and actual works); costs associated with operating and maintenance work; financing costs throughout the project. The study estimates the "investment costs (less than EUR 910 million excluding VAT), of which around EUR 590 million for the Comarnic Predeal sector and EUR 325 million for the Predeal – Brasov (Cristian) sector".
670 million euros for operation and maintenance
In addition to these costs, there are also operating and maintenance costs for the Ploiesti – Brasov (Cristian) sector for the period 2019 – 2043 for an amount of approximately 670 million euros. The study states that "under the current legislation the public partner can contribute a maximum of 25% of the project value", so that an annual payment of up to 55 million euros is considered for the duration of the operation. "This payment is a contribution to the investment write-off, since the traffic volume and the operational period of only 20 years, compared with the average of 50 years required for the attenuation of highway construction, do not allow the entire investment to be written off during the term of the contract. with the reasonable profit insurance at the level of the private partner, "the document shows.
However, the National Prognosis Commission study states that the analysis will be updated and that the financial conditions may change "once the financing conditions are complete". In addition to this year's public contribution, the document also looks at the availability of payments that the authorities pay the private partner for the entire duration of the motorway. "The principle is that the Authority will only make full availability payments for a certain period in the case of total and appropriate availability of the assets during the specific period as defined in the contract (100% availability – 100% payment, 0 availability – 0 payment) reads the document.
6.3 euros excluding VAT for every 100 km of a car
The document also deals with the possible costs that would be applied to the motorway. "The toll for the use of the motorway to be paid on a 100 km motorway is limited to 6.3 euro without VAT and can be indexed on 1 March of each year with the average net wage growth rate of the previous year. perceived tariff level is determined by the distance the vehicle travels.For an LGV vehicle, for every 100 km highway 8.88 euros are paid without VAT and for a lorry and a bus 12.6 euros are paid without VAT ", says the research . The document is of the opinion that the minimum total value obtained only by the toll on Bucharest – Ploiesti (62 km) and Ploiesti – Brasov (110 km) for the period 2019 – 2043 is estimated at EUR 2,125 billion.