1

The motorway

Kliplev - Sønderborg

2

Facts about the motorway between Kliplev and Sønderborg

25 km 4-lane motorway (130 km/h) from E45 by Kliplev to the Alssund Bridge by Sønderborg

7 approach systems10 local roads across/under10-15 km reconstruction of local roads2 small valley bridges

Average amount of daily traffic in 2015: Western part: 9.000 Eastern part: 25.000

3

Timetable for tendering process

Hearing about PPP ……………………………………………………… April 2008

Preliminary notification ……………………………………………… May 2008

Tender notification ……………………………………………………… August

2008

Prequalification …………………………………………………………… October

2008

Publication of tender material …………………………………… November

2008

Competitive dialogue ………………………………………………… 1st half of

2009

Choice of tenderer ……………………………………………………… 2nd half of

2009

Expected opening of motorway ………………………………… 2013

Expiry of contract with PPP-operator ………………………… 2039

4

Differences between building and construction

Building: - The asset is marketable- Buildings are isolated objects- The building is projected after choice of location- Simple regulatory process- Few neighbours- Only building activity at the building site

Road constr.: - The asset is not marketable - The road system is a network, where each road must be seen alike- Road constrution must be projected before the constrution site is acquired- Complicated regulatory process- Numerous neighbours- Other activities at the construction site (traffic),

when exsisting roads are reconstructed

5

Important choices:

• Public ownership

• Parallel tender considered, but abandoned

• Tender material inspired by Norwegian concept

• Type of tender with competitive dialogue

6

Important requirements - construction:

• Observation of acquisition boundaries

• Observation of official autorizations

• Observation of road standards

• Usage of low-noise asphalt

Important requirements – operation and maintenance:

• Road must match the rest of the road network

Road users must not experience a difference

• Usage of operation specifications of the Road Directorate

Construction requirements convert into performance and condition requirements

7

Important challenges, currently handled:

• Payment model, including fine/bonus

• Handling risks

• Co-operation model / conflict management

• Assignment criteria

• Relations with authorities and landowners/neighbours

• Quality of construction by expiry of contract

8

Payment mechanism

1. One fixed amount at the completion of the roadObjective: Incentive to accelerate completion. Fines related to the construction will be deducted in the amount.

Two instruments of debt:2. Instrument of Debt 1: Risk-free (not subject to deductions). Paid

by instalments during operating period.3. Instrument of Debt 2: Risky – being subject to deduction for non

compliance at the handover of the road to the Road Directorate.The instrument of debt will be paid in its entirety – after deduction - at the handover of the road to the Road Directorate.

Each of the tenderers will be compensated – except the winner.