Polish Roads Projects Financing

Transcription

1 Polish Roads Projects Financing October 15th, 2012

2 The framework for roads projects National Transport Policy for , approved by the Council of Ministers in June 2005 Programme for National Roads Construction in , approved by the Council of Ministers January 2011

3 Programme for National Roads Construction Main goals: To integrate Polish road system with European To improve Polish economic and social competiveness Budget 20,7 billion EURO (82,8 billion zł) Source of Financing National Road Fund

4 National Road Fund National Roads Fund financially supports the Programme for National Roads Construction Covers expenditures for construction, reconstruction and modernisation of national roads The Fund uses the financial resources according to the yearly plan The incomes of NRF are: Fuel fee European Union funds European Investment Bank loans Bonds Revenues from Electronic Toll Collection

5 GDDKiA expenditures Programme for National Roads Construction 25000, , , , , , ,5585 Construction Projects Preparation 10000, , , , ,00 848, , , , , , ,800,

6 National Road Fund National Road Fund incomes in % 54% fuel fee EU funds EIB loans 16% Bonds ETC other sources 6% 14% 0%

7 European Union Funds GDDKiA is the biggest individual beneficiary of European Funds Cohesion Fund 1,652 billion of euro EU contribution Sectoral Operational Programme Transport 0,34 billion of euro EU contribution Operational Programme Infrastructure and Environment 10,0 billion of euro EU contribution Operational Programme for Eastern Poland Development 0,21 billion of euro EU contribution

8 European Union Funds With EU contribution from 2002 to 2012 GDDKiA delivered: 375 km of motorways 494 km of expressways 575 km of city ring roads and other roads upgrades By the end of 2015 GDDKiA will deliver: 754 km of motorways km of espressways 747 km of city ring roads and other roads upgrades

9 Bonds Bank Gospodarstwa Krajowego (BGK) handles the underwriting of government guaranteed National Road Fund (NRF) bonds. The capital obtained by issuing bonds is used to fund NRF operations. These bonds may have various maturities - 5, 10 years or more. The volume and schedule of issuance in different years are based on cash flow needs of NRF, and analysis of market conditions, supply and demand for government securities in a given time period. In 2012 PLN 3,7 million worth of 10 year bonds were sold in auctions conducted in June. In 2012 cash inflows from sale of obligations amount to 16% of the NRF budget.

10 European Investment Bank 12 EIB finance contracts signed Value 4,6 billion euro 1 contract of 0,9 billion euro to be signed by the end of 2012

11 Current PPP projects in Poland Public Private Partnership

12 Public Private Partnership A1 Motorway, section Gdańsk Toruń Stage I Gdańsk Grudziądz Construction period: XI 2005 X 2008 Total Cost: 0,66 billion zł (cost of construction 0,5 billion euro) Length: 89 km Stage II Grudziądz - Toruń Construction period: VIII 2008 XI 2011 Total Cost: 1,1 billion zł (cost of construction 0,92 billion euro) Length: 62 km

13 Public Private Partnership A2 Motorway, section Konin - Nowy Tomyśl Construction period: Total Cost: 0,87 billion zł (cost of construction 0,63 billion euro) Length: 149 km

14 Public Private Partnership A2 Motorway, section Nowy Tomyśl German border Construction period: VII 2009 V 2012 Total Cost: 6,5 billion zł (cost of construction 1,29 billion euro) Length: 105 km

15 Public Private Partnership A4 Motorway, section Kraków - Katowice 30 year contract granted in 1997 by the Minister of Transport to STALEXPORT Length: 61 km Remuneration based on collected toll

16 Electronic Toll Collection The viatoll system is obligatory for all motor vehicles and combination of vehicles with a maximum permissible weight of over 3,5 tones and for buses regardless of their maximum permissible weight. According to the Act of 7 November 2008 on amending the Act on public roads and certain other acts, Electronic Toll Collection (ETC) applies in Poland on toll motorways, expressways and selected national roads. All viatoll system incomes will be forwarded to the National Road Fund. They will be spent on further investments in the development of the road network in Poland and the modernization of the existing road infrastructure.

17 Electronic Toll Collection

18 Thank you for your attention