Connect with us

News in English

German parliament approves €86bn investment plan

ypodomes team

Δημοσιεύθηκε

στις

German Railway DB train

The German parliament approved a €86bn budget for investment in the country’s rail infrastructure under the LuFV III performance and financing agreement for 2020-2029 on November 15.

This follows an agreement reached on the budget between German Rail (DB) and the Federal Ministry of Transport (BMVI) in July. However, the federal government contribution’s to LuFV III has been reduced from €62bn to €51.4bn with national rail infrastructure manager DB Network responsible for most of the remaining investment.

The new LuFV III represents a 41% increase in spending over the previous LuFV II which ends this year. Under the new arrangements government funding for infrastructure will be around €5.6bn in 2025-2029 compared with around €3.5bn for the last five years.

Following recent criticism from the Federal Court of Auditors, DB’s access to the funds will be in tranches and funds from 2025 may be withheld if agreed objectives and controls are not met, although political agreement on how this will be achieved has yet to be reached. BMVI will be required to report every two years on progress versus targets for the rail investment programme and the Federal Court of Auditors is expected to play a greater role in ensuring DB budget control and project delivery targets are met.

Much of the funds will be spent on improving the overall state of repair of the rail network, which the German parliament said earlier this month totalled €49bn. The money will also be used to increase capacity at congested pinch points on the network to enable the introduction of the planned regular interval timetable from 2030.

Under scrutiny

DB is a key beneficiary of the federal government’s climate protection package, announced in late September. This will add another €20bn in rail investment up to 2030 with a capital injection into DB of €11bn planned in stages over the next decade. This will provide DB with significant additional capital, reducing the short term need to raise finance through borrowing or the sale of subsidiaries such as Arriva, which has been put on ice as all the offers received were below the book value of the company.

However, lobbyists representing DB’s passenger and freight competitors have raised significant concerns over the government’s decision to channel climate-protection spending solely into DB, as they fear unfair cross subsidy to DB’s freight and other services plus non-transparent prioritisation of investment to suit DB rather than the overall market. Legal advice obtained by opponents of the proposed capital increase for DB suggests it could be illegal under European law as it constitutes state aid to a state-owned company.

Source: railjournal.com

image_print

News in English

Egnatia Odos ready to launch contactless payments mobile app

Νίκος Καραγιάννης

Δημοσιεύθηκε

στις

Τμήμα της Εγνατίας Οδού με σήραγγες

Egnatia Odos is introducing a new upgraded contactless payment service. In collaboration with one of the world’s most prominent road service companies, the Canadian IBI Group, drivers will be able to use the new Egnatia Pay App using a QR code, without the need to come into physical contact with the toll stations’ employees.

Egnatia Pay Mobile App is an application that responds to modern customer services standards. The operation is easy: drivers approaching the toll station is directed to a payment lane. There, they display the QR Code on their mobile phones, the toll fee will be deducted allowing them to continue their journey.

How it works for toll stations and subscribers

Once installed on the toll stations, Egnatia Pay App will be available for Android and iPhone devices. From there, anyone who wants to download it for free can register and start using it.

It will be valid for those who are already subscribers and have been supplied with Egnatia cards and in the future for those who choose Egnatia pass transceivers, as it will be connected to the wireless device (the device is available by Egnatia Odos SA). It is worth noting that the application will integrate all discount policies given to Egnatia card holders and e-pass transceivers.

The application is expected to be launched in the summer 2020 and will significantly benefit both local communities along the motorway axis and frequent users.

image_print
συνέχεια ανάγνωσης

News in English

AKTOR-TEKAL consortium withdraws from major port project in Thessaloniki

Νίκος Καραγιάννης

Δημοσιεύθηκε

στις

ΟΛΘ Λιμάνι Θεσσαλονίκης Γερανογέφυρες

The first withdrawal has been confirmed for the tender process of the largest port project in the Mediterranean, which with 170m euros will complete the 6th Pier of OLTH (i.e. Thessaloniki Port).

According to sources close to the tender, J/V AKTOR-TEKAL withdrew its participation due to “internal issues”. So far (and if we don’t see another withdrawal) the consortia that remain in the competition are:

J/V EIFFAGE-ΤΕΡΝΑ, J/V MYTILINEOS-ROVER MARITIME SL- CH. KONSTANTINIDIS, J/V INTRAKAT-VITTADELLO, ARCHIRODON, J/V AVAX-ΕΤΕRMAR-NV BESIX, ACCIONA CONSTRUCCION

The entries of foreign companies in the project come from Eiffage (France), Vittadello (Italy), Besix (Belgium), Etermar (Portugal) and Acciona (Spain).

A particularly interesting element of the tender, according to a source close to the case, is that up to 6 participants can pass to the second phase. This means that at least one of the above impressive contenders could leave the ‘battle’ prematurely.

The completion of the evaluation of the first stage is expected to take place by next week. Then, OLTH SA is expected to forward to the pre-selected companies the call for submission of binding offers, regarding their participation in the second stage of the tender procedure.

This project is the most important among the mandatory investments undertaken by OLTH SA, according to the Concession Agreement with the Greek State.

A consortium comprised by SALFO-AECOM-SAMARAS & ASSOCIATES is the independent engineer of the project while the project manager is Hill International, with Rogan & Associates in the role of the designer.

image_print
συνέχεια ανάγνωσης

News in English

New obstacles for Athens Metro Line 4 tender as both contenders’ appeals are sustained

Νίκος Καραγιάννης

Δημοσιεύθηκε

στις

Μετρό Γραμμή 4

A major reversal for the development of Athens Metro Line 4 tender, seems to have happened yesterday.

According to sources of ypodomes.com and the first available information, the two appeals previously filed by the two finalists to the Council of State, were both sustained.

It is reminded that the two contenders are J/V AKTOR-ANSALDOBREDA-HITACHI and J/V AVAX-GHELLA-ALSTOM.

The first interpretation given is that the Council of State, having heard the arguments of both participants, essentially decided to reject the evaluations by the tender committee.

As a result, scenarios are beginning to emerge about the fate of the tender itself, that could lead even to the cancellation of the project while others talk about a decision that needs a deeper consideration.

Nevertheless, it is certain that we are at a crossroads for the sole large-scale project of the country, with a budget of 1.8bn euros that promises to revive the construction market.

According to preliminary estimates, what will be done here is to lose some more time. Sources close to the tender point out that we should remain cautious with this subject, before we say anything.

Three scenarios

However, always according to the same sources, depending on what the decision will be, we are in front of three basic scenarios. The first is to return the tender back to the evaluation stage by the competition committee while the second scenario is the cancellation of the tender altogether.

The first two scenarios are linked as either both contenders could survive or one of them, allowing the tender to go on. In the second scenario, both can be rejected resulting to the whole structure of the tender to collapse.

The third scenario is -even if the appeals have been accepted- for the tender to proceed (it is something we have seen in the past). Out of these three scenarios, the weakest one appears to be the third.

In any case, the tender enters into new adventures and a doubtful future. There are voices suggesting that it needs to stay alive and be completed because 2 years will be lost for a project that has been expected for a long time by the market.

On the other hand, there are other voices that point out that with the tender regarding the precursory being stagnant, perhaps a new tender would give a new impetus to the project.

What is currently being recommended is a careful reading of the Council of State’s decision rationale and the consequent compliance of Attiko Metro.

image_print
συνέχεια ανάγνωσης

Facebook

Ετικέτες



δημοφιλη θεματα