2003

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					                       Public Private Partnership

  Government actions to promote PPP

     PPP Department within the Ministry of Economy and Transport

     Government Decree in May 2003 to set up an Interdepartmental Committee
           – Ministry of Economy and Transport

           – Ministry of Finance

           – Ministry of Justice

           – Prime Minister’s Office

           – Central Statistical Office




www.gkm.hu                                                             www.itd.hu
                       Public Private Partnership

   Road infrastructure development program

     Long-term goal: 2500 km length of expressway network by 2015

     Act CXXVIII on the development of the Hungarian expressway

     network (accepted by the Parliament in December 2003)

     Deficit constraints => need for alternative ways of financing
       − PPP projects
       − EU funds




www.gkm.hu                                                            www.itd.hu
                       Public Private Partnership

  PPP motorways: M5

     Approximately 170 km section between Budapest and the Hungarian - Serbian
      border
     Original concession agreement signed in 1994 with French consortium AKA
     First phase (110 km) handed over in 1999
     New agreement reached in March 2004
     Further 60 km section is expected to be built




www.gkm.hu                                                             www.itd.hu
                        Public Private Partnership

       Amended structure of the M5
       Second phase to be built by AKA (estimated cost: EUR 836 million at December
        2004 value)
       The motorway became part of the national vignette system
       DBFO (design-build-finance-operate) structure with risk sharing - construction
        and availability risks borne by AKA
       Availability payment mechanism
       Deductions in payments in case of poor performance and safety indices




www.gkm.hu                                                                  www.itd.hu
                        Public Private Partnership

     PPP motorways: M6
    Part of the V/c Helsinki corridor

    Approx. 252 km section between Budapest and the Hungarian - Croatian border
     to be built in 2 phases:

      – first phase between Budapest and Dunaújváros (54 km) by 2006
      – second phase between Dunaújváros and the Croatian border (198 km) by
         2007




www.gkm.hu                                                              www.itd.hu
                        Public Private Partnership

   PPP motorways: first phase of the M6

      Concession tender won by Bilfinger Berger BOT GmbH, Porr Infrastruktur
       GmbH, Swietelsky International Baugesellschaft mbH
      Concession period: 22 years
      Timing:
        − Concession Agreement signed on 2 October 2004

        − Target interim completion date: March 2006

      DBFO structure
      EIB and EBRD considers providing financing to the concessionaire



www.gkm.hu                                                                www.itd.hu
                         Public Private Partnership

      PPP motorways: financial structure of the M6
      Payment mechanism:
        − national vignette system

        − availability payment to the concessionaire

      Risk sharing:
        – International practice

        – State: discriminatory change in law, delivery of the Site, dangerous

          materials, etc.;
        – Concessionaire: design, construction, financing, availability, except relief

          events;
        – Shared (vis major)

www.gkm.hu                                                                     www.itd.hu
                       Public Private Partnership

PPP student hostels
     Projects of the Ministry of Education
     Goal: development of university infrastructure
       – Government decision on creating 10 000 accommodations in student
          hostels in the framework of PPP
     The pilot project of the University of Debrecen
       − Classical DBFO structure
       − Decision of PPP Committee on supporting the project on 30th September
          2003
       − Approval of the Economic Cabinet and the Government
       − Public procurement procedure completed, construction is under way
     11 further similar PPP schemes for other universities

www.gkm.hu                                                             www.itd.hu
                       Public Private Partnership

 Prison project of the Ministry of Justice
     Goal: the development of prison service infrastructure - two new PPP prisons

     DBFO construction
       – During a period of 15-20 years, 700 prisoner places / prison
       – „Operate” element: only those tasks are performed by the state which can
         not be carried out by the private sector (custodial services, on site medical
         facilities and registering of prisoners)
       – Positive decision of the PPP Committee:
         10th October 2003

     Tender announcement is expected at the beginning of 2005




www.gkm.hu                                                                  www.itd.hu

				
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