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Infrastructure project Construction of Corridor Vc

Infrastructure project Construction of Corridor Vc. About us. Motorways of Federation of B&H Ltd Mostar is 100% owned by the Government of Federation of B&H

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Infrastructure project Construction of Corridor Vc

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  1. Infrastructure project Construction of Corridor Vc

  2. About us • Motorways of Federation of B&H Ltd Mostar is 100%owned by the Government of Federation of B&H • Motorways of FB&H is responsible for managing, construction, reconstruction, maintenance and protection of motorways and express roads • Current objective: Construction of motorways and express roads in Federation of B&H with a special focus on environment and traffic safety

  3. Development strategy of Corridor Vc and express roads 2011 - 2028 Length: 285km Total value: 4,0 mlrd.€

  4. Corridor Vc Project description • Corridor connecting Trans - European countries • Kiev - Budapest to the Adriatic Sea • Total length of 330 km • 285 km of motorway passing through Federation of B&H

  5. Current status of Corridor Vc Project • 47 kilometers of motorway constructed until year 2012; • Construction of additional 54 kilometers is in progress and completion of these works is planned in year 2014; • Completion of construction of 101 km planned in year 2014 considered as leverage for future projects

  6. Construction plan for Corridor Vc • Constructed until 2012 • Jošanica – Kakanj 47 km • In Construction (36 km) • Bilješevo – Drivuša 6 km • Bijača – Zvirovići 10km • Tarčin – Vlakovo 20km • Construction planned for 2013 (18km) • Svilaj – Odžak 11km • Butila – Vlakovo 4 km • Drivuša – Klopče 3 km • PPP project / concession / project partnership • IFCs Transaction Advisory Service (38 km)

  7. Finance resources • Our finance resources are as follows: • Public revenues • Toll collection (10 million € per year) • Tax on fuel in the amount of 5 euro cents per liter (35 million € per year) • Credit loans • PPP / concession / project partnership - option for future constructions

  8. EIB & EBRD credit loans and Kuwait fund • Motorways of Federation of B&H Ltd Mostar has receivedcredit loans intended to finance current construction: • European Investment Bank (EIB) • 75 million € (grace period = 6 years) • 166 million € (grace period = 4 years) • European Bank for Reconstruction and Development (EBRD) • 180 million € (grace period = 5years) • Kuwait Fund for Arabic Economic Development • 30 million € (grace period = 5 years) • For all above-listed loans interest rate amounts cca 2%andrepayment period ranges from 20 - 25 years

  9. Project advantages • Implementation of closed toll collection system(subsection Kakanj – Jošanica 37 km): • generated traffic of 3.009.474 vehicles in the period from14.06.2012. until 31.12.2012. • Number of vehicles per day: 15.513 • Internal rate of return (IRR) of Project = 13.19%* • Project is considered to be feasible from a generalsociety standpoint * Data from Feasibility Study 2006

  10. Conclusion • The significance of Construction project Corridor Vc • reflects on the traffic connection to the international traffic • has an impact on the increase of GDP (increase of the employment, increase of the construction sector etc.) • Current finance resources are not sufficient to complete the whole construction of Corridor Vc, thus additional finance resources will be provided by additional credit loans or increasing the tax on fuel or other financing model and construction (PPP)

  11. Contacts Office in Mostar: Ul. Braće Fejića b.b Tel: + 387 36 512 300 Fax: + 387 36 512 301 Office in Sarajevo: Ul. Dubrovačka br. 6 Tel: + 387 33 277 900 Fax: + 387 33 277 901 www.jpautoceste.ba info@jpautoceste.ba Thank you for your attention!!!

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