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Transport infrastructure in Croatia Monetization of Croatian Motorways

April, 2013. Transport infrastructure in Croatia Monetization of Croatian Motorways. Basic Indicators Land area: 56 594 km² Population: 4.4 million Political System : Parliamentary democracy Territorial Organization: 20 counties and the City of Zagreb Capital: Zagreb

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Transport infrastructure in Croatia Monetization of Croatian Motorways

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  1. April, 2013 Transport infrastructure in Croatia Monetization of Croatian Motorways

  2. Basic Indicators • Land area: 56 594 km² • Population: 4.4 million • Political System:Parliamentary democracy • Territorial Organization: 20 counties and the City of Zagreb • Capital: Zagreb • Official Language: Croatian • Currency: Kuna (HRK) • Climate: Continental and Mediterranean Why invest in Croatia? • Excellent geographical location • Macroeconomicstability • Innovative, efficient and multilingual workforce • Pro business environment • Cost competitiveness • Advanced ICT infrastructure and modern transport infrastructure • Access to the market of over 650 million consumers • Joining the European Union • Quality of life • A safe country

  3. Excellent location • very favorable geographical location. • the shortest and the fastest route between Western Europe and Asia • andbetween Eastern Europe and the Mediterranean. • three out of ten Pan-European transport corridors pass through Croatia.

  4. Excellent location • Suez canal – Hamburg (Germany): 3552 Nm • Suez canal – Rijeka (Croatia): 1254 Nm (saving 6 days in one way)

  5. Key transport infrastructurein Croatia • Highways 1250 km • State roads 26 908 km • Railways 2720 km • Seaports 6 (main) • IWW 804 km, 4 ports • Airports 7 (int.)

  6. Motorwaynetworkmonetization HAC Ltd. • 868 km long • 2700 emplyees • Total income(2012) 177 M€ • EBITDA 75M€ ARZ Ltd. • 182 km long • 726 emplyees • Total income(2012) 79 M€ • EBITDA 42 M€ • Subject of the project is the motorway network currently operated by 2 state owned management companies HAC and ARZ in total length of 1050 km.

  7. Government objectives The Government of Croatia intends to monetize the motorways infrastructure,curently managed by state owned companies HAC and ARZ in order to: • achieve the highest possible economic benefits for the Republic of Croatia • the highest possible one-time financial benefit to be paid to the state budget • reduce the government debt • increase the efficiency of the highways infrastructure

  8. Monetization options The MPPI together with its advisors started the market testing procedure to receive market feedback on two basic options currently being considered by the Croatian government: • Concession (Lease) • Toll revenue bond

  9. Next milestones

  10. CONTACT: Ministry of Maritime Affairs, Transport and InfrastructurePrisavlje 14, 10 000 Zagreb, Croatia Oliver Kumrić, Assistant Ministeroliver.kumric@mppi.hr tel. +385 1 3784 543; fax. +385 1 3784 591 Project advisory team Jan Ornst jaornst@csas.cz

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