Austria’s new A5 autobahn is now officially open to traffic and the highway is also the first in the country being built under the PPP model. The first 16km stretch of the highway was opened in November 2009 on schedule with the second 35km section now having been opened as well. The contract was carried out by concession company Bonaventura Strassenerhaltungs, a partnership headed by German company Hochtief and Austrian firm Alpine Bau each with 44.4% stakes while French firm Egis Preojects holds the remai
Austria’s new A5 autobahn is now officially open to traffic and the highway is also the first in the country being built under the PPP model. The first 16km stretch of the highway was opened in November 2009 on schedule with the second 35km section now having been opened as well. The contract was carried out by concession company Bonaventura Strassenerhaltungs, a partnership headed by German company 981 Hochtief and Austrian firm 1332 Alpine Bau each with 44.4% stakes while French firm 2643 Egis Preojects holds the remaining 11.2%. The concession is for a 30 year period and the contract worth €933 million. In addition to being a shareholder in the concession company, 2376 EGIS Projects has provided 40% of the equipment supply and delivery contract, which is worth over
€50 million. Meanwhile its partners for this contract are Alpine Energy with 30% and Hochtief Construction with 30%. The deal included engineering, design, procurement and commissioning of all electro-mechanical and safety related equipment in the tunnels and the traffic management and communication systems for the entire length of the 51km long motorway. Early 2007, the project was selected as the Most Innovative Financing by the713 International Road Federation (IRF) and awarded the 2007 IRF Global Road Achievement Award (GRAA).
€50 million. Meanwhile its partners for this contract are Alpine Energy with 30% and Hochtief Construction with 30%. The deal included engineering, design, procurement and commissioning of all electro-mechanical and safety related equipment in the tunnels and the traffic management and communication systems for the entire length of the 51km long motorway. Early 2007, the project was selected as the Most Innovative Financing by the
