Project OverviewBusiness and Procurement Model Presentation
13th Informal PPP Exchange
Lisbon, 6th July 2007Zaragoza, 8th June 2010
Portuguese High Speed Rail Project
High Speed Projects and Public Private Partnerships
2
Portuguese High Speed Rail Project
3
Porto
Vigo
LisboaMadrid
Portuguese High Speed Rail Project
STRUCTURING THE EUROPEAN ATLANTIC SOUTH-WEST FRONT – bonding the region and contributing to its competitiveness
SUSTAINABLE MOBILITY – improve the competiveness of the rail transport while reducing road accidents, emissions and the country’s dependence of oil based energy
INCREASE THE COMPETITIVENESS OF THE PORT, AIRPORT AND LOGISTICS SYSTEMS – improving their articulation and making their area of influence broader
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MAIN OBJECTIVES
Norte Line - % of utilisation(peak hour)
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HS Line
Norte Line
PORTO
LISBON
PORTO
LISBON
RELEASE OF CAPACITY IN THE CONVENTIONAL RAIL NETWORK Improving suburban, regional and freight rail services
1667 mm
Rail Gauge
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INTEGRATION OF THE NATIONAL RAIL NETWORK IN THE TEN-T:Assuring the interoperability both in the passenger and freight transport
Implementation
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RATIONAL
• Dimension of the investment
• Technological risk
• Horizontal and vertical interface risks
• Lifecycle
• Strategic role within the Public Sector
The Portuguese Business ModelInfrastructure
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Sub & Superstructure ( 5 PPP’s)
Signalling & Telecommunications(1 PPP)
Capacity Allocation & Traffic Management (State/REFER)
• The story so far:
• Lisbon-Madrid Axis
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Lisboa
Évora International Station
Mérida
Cáceres
PlasenciaTalavera
NavalMoral
Madrid
Distance: 645 km
Mix Traffic (Passenger + Freight)
Travel Time : 2h45m (today 9h00m)
Lisbon-Madrid Axis
PPP 1 – Section Poceirão-Caia (165km)
PPP 2 – Section Lisboa-Poceirão (34 km)
Lisbon Station – Traditional procurement
Lisbon-Madrid Axis
PPP 6 – Signaling & Telecommunications
International Station – to be developed jointly by both countries
Construction and Operation of Evora Station
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HS Line 165 km
Convencional Line 92 km
Construction cost 1 359 M€
Maintenance cost 12,2M€ (p.a.)
The story so farPPP1 – Poceirao / Caia
ÉVORA
MONTEMOR-O-NOVO
VENDAS NOVAS
POCEIRÃO
LISBOAEstaçãode Évora
ALANDROAL
PINHAL NOVO
MOITA
REDONDO
BARREIRO
ELVAS
Contract Signed on May 8, 2010
Scope: Design, Built, Finance and Maintain
Concession Period: 40 years
7%3%
29%
12%
13%
36%
49%
PPP1: Poceirao – Caia Financial Structure
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EU Grants - 41%
TEN-T
Cohesion Fund
REFER
Portuguese State
Promoters & Commercial
Banks
EuropeanInvestment Bank
Private Finance - 49%
State Support - 10%
Project Construction Maintenance + Major Repairs Total0
500000000
1000000000
1500000000
2000000000
2500000000
3000000000
3500000000 PSC BAFO
+169%
-33%
-58%
-39%
2975
1814
(NP
V@
6,0
8%
)
PS
C PS
C PS
CPP
P
BA
FO
PPP
PP
P
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PPP1: Poceirao – Caia Life Cycle Costs
Design
PPP – Final Proposal (BAFO)PSC – Public sector Comparator
PPP
• Main ideas
MAIN IDEAS
1. Portuguese HSN will accelerate the integration of the national rail network in the TEN-T
2. EU Financial Support has been essential to the development of our HSN
3. Portuguese PPP Model for HSN enabled:
i. a significant cost reduction;
ii. wide risk transfer to privates; and
iii. efficient integration of public and private financing.
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Project OverviewBusiness and Procurement Model Presentation
13th Informal PPP Exchange
Lisbon, 6th July 2007Carlos Fernandeswww.rave.pt
Thank you for your attention
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