Privately financed rehabilitation and new construction of a 60 km long toll motorway section from the Croatian capital Zagreb to Macelj on the Slovenian border. The road is part of the Transeuropean road network and a key component in the Pyhrn corridor, which will create an unbroken link from Athens and Istanbul to Western Europe.
Construction lasted 35 months, from July 2004 through May 2007. The construction phases comprised widening of the existing motorway from Zagreb to Krapina from 2 to 4 lanes and the new construction of a 19.4 km long 4-lane section from Krapina to Macelj, including
• Total length of the 15 main bridges: 5,000 m
• Total length of the 6 tunnels: 5,900 m
The project was undertaken by a Joint Venture between Strabag International GmbH and DYWIDAG International GmbH.
BUSINESS | CONSTRUCTION OBLIGATIONS | PRIVATE FUNDING | SERVICE DELIVERY | SOURCE OF REVENUE |
BUSINESS - New: The project involves the construction of a new toll road on green field basis, with no hard data on traffic or other demand risk.
CONSTRUCTION OBLIGATION - Refurbish: The transaction implies significant construction risks for the refurbishment of existing road and construction of new road. The Government provides the land.
PRIVATE FUNDING - Finance: The project is financed through a combination of equity from sponsors and financing from commercial lenders.
SERVICE DELIVERY - Users: The project company provides access to the road to users directly.
SOURCE OF REVENUES - Tariff: The project company charges tolls to users.