Arnaud de Monts

23/06/2015

Innovative financial instruments for innovation and traffic management systems

Riga

© ALSTOM 2013. All rights reserved. Information contained in this document is indicative only. No representation or warranty is given or should be relied on that it is complete or correct or will apply to any particular project. This will depend on the technical and commercial circumstances. It is provided without liability and is subject to change without notice. Reproduction, use or disclosure to third parties, without express written authority, is strictly prohibited.

Presentation title - 17/04/2023 – P 2

Albacete-Alicante: showing the way forward in PPP for railways (by ADIF in Spain)

Albacete-Alicante165 km section

1. Signalling & telecommunications: Along 165 km HSL double track, railway stations

and passing tracks – 2 years to construct 20 years maintenance

CDC Infra 44%; ICO 16%; Alstom 12%; ADIF 10%; EMTE 8%; ISOLUX 8%; CAF 3%

3. Quick implementation process

2. PPP financial robustness via mixed funding

Aug 2010 PPP

procurement procedure

Feb 2011RFP

June 2011 Tender delivery

October 2011 BAFO

December 2011

Contract award

May 2012 Financial

close

Total: € 156,8 mln

© ALSTOM 2013. All rights reserved. Information contained in this document is indicative only. No representation or warranty is given or should be relied on that it is complete or correct or will apply to any particular project. This will depend on the technical and commercial circumstances. It is provided without liability and is subject to change without notice. Reproduction, use or disclosure to third parties, without express written authority, is strictly prohibited.

Presentation title - 17/04/2023 – P 3

Replicability

1. Project structuring: public sector considerations

2. Best practices

• Technology-based PPP: focus on maintenance instead of civil construction risk• One contract covering installation and maintenance to avoid interface risks• Coordination of civil and S&T works important but manageable• Cost reduction due to detailed design in private scope• Deferred CAPEX over 15 years

• EIB early involvement• Limited scope: limits technology/project risks• Suitable risk allocation public/private• Pre-qualification based both on financial and technical capabilities• Team approach : all parties in SPV

More standardized contractual procurement & increased use of innovative financial instruments can boost ERTMS deployment .

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