The 30-year concession contract will begin with the groundbreaking ceremony, which is scheduled on 1 February 2016. The new road is expected to be operational by October 2016.
The PPP project involves the design, build, finance, operation and maintenance (DBFOM) of a 33 km road between Pastetten and Heldenstein. Additionaly, it includes the operation and maintenance (O&M) of a 77 km route of the A-94 road between Forstinning and Marktl.
The total project investment is estimated at around €400 million (US$423.5 million), while the concession contract has a value estimated at €1.1 million (US$1.16 million).
The European Investment Bank (EIB) could provide a €250 million (US$264.7 million) to carry out the project. In mid August we reported that the EIB could provide financing for another Germany's road PPP project that involves the expansion and maintenance of part of the motorway A 10/A 24 close to Berlin.