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Click to edit Master title style Ministry of Transport in Poland and World Bank Workshop on Road User Charging Systems Free-flow Electronic Tolling Systems: the experience of Autostrade for Poland and for the World Market Mr. Galliano Di Marco Head of International Development

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click to edit master title style

Click to edit Master title style

Ministry of Transport in Poland and World Bank

Workshop on Road User Charging Systems

Free-flow Electronic Tolling Systems: the experience of Autostrade for Poland and for the World Market

Mr. Galliano Di Marco

Head of International Development

Autostrade Group

11th – 12th June, Warsaw

autostrade at a glance leader in free flow tolling systems

A23

A26

A27

A4

Milan

Venice

A1

A13

Turin

A12

Bologna

A6

Genoa

A11

Florence

Ancona

A12

A14

A1

Pescara

A12

A14

Rome

Bari

A1

A16

Naples

A3

Autostrade Group Network

Other Motorways

Autostrade at a glance: leader in free-flow tolling systems
  • The largest operator of toll motorways in Italy:
    • 3,408 Km under concession, equal to 61% of Italy’s toll road network;
    • Around EUR 11.0 billion investments committed for road enhancement over the next 5 years.
  • No. 1 operator in Europe for electronic tolling with over 5 million TELEPASS® transponders issued in Italy and Austria.
  • Significant international experience in toll road projects:
    • Launched first toll roads in UK (the “M6 Toll” in Birmingham) and US (the “Dulles Greenway” in Virginia);
    • Developed a free-flow multilane electronic toll-collection system for heavy vehicles in Austria (Europpass) on 2,100 km road network ;
    • Acquired in 2005 a relevant stake in Costanera Norte, a 33 km motorway in Santiago, Chile, featuring free-flow multilane electronic tolling;
    • Recently acquired a controlling stake in the Polish Group Stalexport, including the concession of the 61 km. Krakow - Katowice A4 motorway.
industry leadership and innovation over time
Industry leadership and innovation over time

1924-25First toll motorway in the world (Milan-Como-Varese, 85 km.) which became part of the Autostrade network in 1962

1958-64 Opening of Milan-Naples motorway (800 Km)

1963 First ever “Eurobond” issue

1990 First dynamic toll collection system in the world (TELEPASS®)

1995 First privately financed toll motorway in the US (“Dulles Greenway”in Virginia)

1999 Largest privatisation in the industry worldwide

2003 Opening of the first toll motorway in the UK (“M6 Toll” near Birmingham)

2004 Opening of the first dynamic free flow multilane nation-wide toll collection system in the world (Europpass in Austria)

2005 Acquisition, in consortium with SIAS S.p.A. (45%) and Mediobanca (10%), of 45% of Costanera Norte, 43 km.-long motorway passing across the metropolitan area of Santiago (Chile)

2006 Acquisition of a controlling stake in Stalexport S.A., Polish conglomerate active in the steel distribution and toll motorways operation (it is the concessionaire of the 61 km- long section Krakow-Katowice of A4 motorway)

2007 The Annual General Meeting of the shareholders of Autostrade S.p.A. resolves to change the Company’s name to Atlantia S.p.A., as part of a wide-ranging restructuring, and maintaining Autostrade per l’Italia’s role as an operating parent company involved in the management of infrastructure under concession

business strategy based on group s core competences

Operation and Maintenance

Toll Collection

Business strategy based on Group’s core competences
  • Focus investments on de-bottlenecking of core network
    • 1997 Investment Programme
    • 2002 Additional Investment Programme

Construction

Core Assets

Core Business

Core Knowledge

  • Focus on network maintenance and development
  • Commitment to operational efficiencies and cost reduction
  • Improvement of quality of services delivered to customers
  • Industry leadership to drive efficiencies and exploit further revenue opportunities
  • Leverage market leadership internationally (e.g. Europpass project)

1

the company s uniqueness
The Company’s Uniqueness

No 1 Operator

  • Largest toll road operator in Europe and leader in toll road development in the Industry

Low Business Risk

  • Established nation-wide network with limited traffic and substitution risk

Investments to unlock value

  • Investments are targeted at sections most in need of congestion relief thus allowing for unsaturated long term traffic growth

Regulation

  • Clear and supportive regulatory framework for new investments in de-bottlenecking

Risk Management

  • Efficient financial structure
  • Long term availability of financial resources
  • Hedged interest rate risks

1

a key factor direct technical capabilities
A key factor: direct technical capabilities

MANAGEMENT PROCESS

Group’s Strategies

Market

RESEARCH &

DEVELOPMENT

SYSTEM

INTEGRATION

SERVICE

PROVIDER

Technological Development

Autostrade Group

Clients

ITS

  • Equipment
  • IT Systems
  • Application Service Provider
  • Consulting & support
  • Post-sale support
  • Scouting
  • Feasibility
  • Conceptual Design
  • Prototyping
  • Toll collection
  • Access control & RUC
  • Traffic management
  • Application management
  • Main system developer & integrator for the Italian market of tolling and traffic management (captive and non-captive)
  • Direct knowledge of state of the art technologies
  • Proper leverage of technological risks in complex projects
  • Make or Buy

1

our approach to business and projects
Our approach to business and projects
  • Main guidelines/goals:
    • Economic performance (return on investment)
    • Security
      • proven technological system performance
      • guarantee of delivery in defined time
    • User friendly
    • “Simple” operation
    • Local value creation
  • No requirements or constraints / neutrality as regards toll technology:
    • No technology, supply or production interest; technology applied is chosen according to availability and appropriateness in relation to the service requested by the customer
    • Not bound to any supplier: opportunistic choice

1

worldwide presence and experiences
Worldwide presence and experiences

Dulles Greenway

Virginia (USA)

First Private Toll Motorway in the United States

M6 Toll

Birmingham (UK)

1° Toll Motorway in the United Kingdom

Stalexport

(Poland)

A4 Motorway Katowice – Krakow

(Europpass LKW-Mautsystem)

(Austria)

1° DSRC Nationwide Free-Flow Electronic Tolling System

2000 km

Autostrade per l’Italia

(Italy)

3400 km Toll Motorway in Concession

Costanera Norte

Santiago (Chile)

DSRC Urban Free-Flow Tolling System

Several concessionaires

(Brazil and Argentina) controlled via Impregilo participation

1

slide9

Europpass: a success story

In May 2002 the Austrian Road Administration (ASFINAG) awarded Autostrade the concession to design, build, finance and operate for 10 years a multilane free-flow tolling system for commercial vehicles on the Austrian motorways/expressways network (2,092 km. plus future extensions)

  • Construction works started on July 1st 2002
  • Service started on January 1st 2004, on time and on budget
  • 52 million transits per year forecast along the tolled motorway network
  • Most advanced and complex electronic tolling system in the world

Setup in 18 months

Management for 10 years

PLAN

DESIGN

BUILD

OPERATE

FINANCING

slide10

Europpass: Technical Features

  • Fully electronic dynamic free-flow tolling on approx. 2,100 Km of existing motorways / expressways (plus future extensions)
  • Based on 5.8 GHz Dedicated Short Range Communication (CEN-DSRC) between On-Board-Units (OBU’s) and roadside equipment
  • 800+ tolling stations positioned across the carriageway along main routes (not at entry/exit points)
  • All heavy vehicles (> 3. 5 tons), Austrian and foreign, to be mandatorily equipped with OBU’s
  • 200+ Points of Sale for OBU’s and for assistance
  • Toll payment according to class of vehicle and actual distance travelled
  • Option for toll payment: post-pay or pre-pay modes
  • Central IT System for traffic monitoring, tolling operations, invoicing and enforcement
  • Enforcement by means of 150 control stations
success factors strong commitment experienced partners
Success factors: strong commitment & experienced partners
  • ASFINAG
    • The Grantor – ASFINAG – is 100% owned by the Republic of Austria, has a strong reputation and experience in the operation of motorways and is rated AAA by S&P
    • The Austrian Government will use the funds raised from the project to cover costs for the construction of new roads and for the maintenance of the existing ones
  • Autostrade
    • Autostrade has a sound financial background and is rated A by S&P and A3 by Moody’s
    • Autostrade is an experienced partner and among the world's largest motorway concession companies, and is one of the largest European operators of toll motorways under concession in terms of network extension, traffic and revenues
    • Autostrade has developed its proprietary electronic tolling technology, under the brand name "Telepass". Currently there are more than 5,000,000 Telepass customers. Autostrade is the exclusive supplier of electronic tolling systems to motorway concessionaires in Italy
  • Local Partnerships
    • A key element for the success of the Austrian Project was that Autostrade capitalized on the local expertise and set up strong partnerships with some experienced local firms.
success factors proven technology
Success factors: proven technology
  • The Austrian system is the first global country-wide multilane free-flow tolling system to come on line;
  • The microwave technology is the most developed technology for tolling in the world, being its reliability proved in 28 countries around the world;
    • Europe: approx. 10 million users across 10 Countries (50% in Italy)
    • Japan: approx. 4 million users (2004)
    • USA: programs for distribution of several millions On-Board-Units over the next five years
  • The Austrian toll system relies upon the same core technologies proven in the Italian system;
  • Technical compatibility among existing ETC systems in EU shall be achieved by means of multi-standard On-Board-Units (Autostrade is the first producer of a Dual Mode On Board Unit - Telepass & CEN TC278).
slide13

From a Vignette System to Real Tolls: Revenues increase

The 82% increase in total toll revenues collected by ASFINAG in 2004 over 2002 is almost completely dueto the introduction of dynamic tolling for commercial vehicles.

year

Total:

€ 1,170 million

+ 82%

762

296

112

2004*

Revenues from Go-Boxes

73

308

Annual Tax (until 2003)

Total:

€ 642 million

261

2002

Revenues from Vignette

Revenues from special toll

sections

€ million

0

500

100

200

300

400

600

700

800

900

1,000

1,100

* Based on actual data for 2004 ( source: ASFINAG )

slide14

Europpass Project proves Autostrade leadership in ETC

Largest Electronic Toll Collection Operator, managing a system interoperable on more than 5,600 km of network, collecting tolls of 2.6 billion Euro (2004) for more than 20 operators in Italy

Largest toll motorway Operator, directly managing 3,400 km (19% of the entire European toll network)

Largest Contract and On-Board-Unit Issuer for electronic tolling, with 5.3 million users and contractual agreements with over 600 banks in Italy

autostrade in poland stalexport
Autostrade in Poland: Stalexport
  • Autostrade’s S.p.A. Board of Directors approved the acquisition of a controlling stake (50% + 1 share) in the capital of Stalexport Group for a total investment of € 68 mln;
  • Stalexport is a conglomerate active in motorway operation and steel product trade & distribution;
  • It is listed on Warsaw Stock Exchange with current market capitalization of approximately € 335 mln;
  • In 1997, Stalexport obtained a 30-year concession to adapt to tolling, re-vamp and operate the 61 Km. A4 stretch from Krakow to Katowice – the first toll road in Poland.

A4 Krakow-Katowice

(61 km., Concessionaire: Stalexport)

autostrade in poland tenders
Autostrade in Poland: Tenders
  • The Consortium Autostrade-Stalexport has reached the pre-qualification stage in the tender regarding the concession for the design, construction, finance, operation and maintenance of the A2 tolled motorway at the Strykow-Warsaw section (95 Km)
  • Besides, Autostrade has been pre-qualified, in consortium with Stalexport and Polimex, to the 2 separate tenders for thedesign and installation of tolling and traffic management systems, as well as O&M the infrastructure on 2 motorway sections currently operated by the Polish Roads Agency (GDKKiA):
    • A2 motorway, section Konin-Strykow (104 km.)
    • A4 motorway, section Wroclaw-Katowice (187 km.)

A2 Konin – Strykow (104 km.)

(Tolling tender, Autostrade-Stalexport-Polimex prequalified)

A2 Strykow-Warsaw (96 km.)

(BOT tender, Autostrade-Stalexport prequalified)

A4 Wroclaw-Katowice (187 km.)

(Tolling tender, Autostrade-Stalexport-Polimex prequalified)

slide17

Transition path proposed for heavy vehicles tolling in Poland

  • VIGNETTE
  • Current system on most of the Polish motorway network for heavy vehicles;
  • Not economically efficient because fees are not tied to effective use;
  • No Added revenues with additional kilometers traveled;
  • Compensation paid to Concessionaires is expected to exceed revenues from Vignettes already by 2009;
  • Not flexible (payments based only on period of use not on other utilization criteria);
  • Potential State Aid according to EU legislation;
  • Enforcement is a critical issue.

Direct installation of Free-Flow Tolling for Heavy Vehicles on un-tolled motorways

ETC on already tolled motorways (currently only manual system) as a transitional step to install free-flow in a 2nd phase

  • No need to spend money to install toll stations;
  • No congestion at toll stations, less environmental pollution as cars do not have to stop;
  • High enforcement rates (see Austrian case);
  • Lower capital and operating costs compared to traditional toll infrastructures.
  • ETC reduces congestion and increases vehicle throughput at the toll stations;
  • ETC reduces operating costs.
  • Fairness (pay-as-you-go);
  • Flexibility (allows congestion pricing based on zones or hours);
  • More economically efficient for the State (+82% yoy revenues increase in Austria after real toll introduction);
  • With distance-based charging, new kilometers result in new revenues.

Advantages of Electronic Toll Collection/ETC compared to Vignette

slide18
s_mvoltan\Autostrade\Autostrade Investor Presentation (Final) - May 2004.ppt

THANK YOU FOR YOUR ATTENTION !

Galliano Di Marco

Head of International Development

Autostrade S.p.A.

gdimarco@autostrade.it

Tel. +39.06.4363.4781