The proposed project consists of the financing of the M6 Motorway on a design-build-finance-operate basis (DBFO) under a Public-Private Partnership scheme (PPP). The motorway will be constructed between “érdi tető” and the future intersection of the M6 and M8 Motorway which includes 4.55 km of the M8 close to Dunaújváros.
The total of motorway constructed will be 58.6 km. The M6 Motorway will be based on Availability Payments under which the Hungarian Government will pay the concessionaire for providing it with an operational motorway according to pre-set performance criteria.
The proposed project will strengthen Hungary’s attractiveness to foreign investors in the infrastructure sector and have powerful demonstration effect by promoting private sector involvement in the road sector through a PPP structure based on Availability Payments. The M6 Motorway will clearly show that the Hungarian Government is fully committed to private sector provision of infrastructure and is supporting the forthcoming PPP programme.
The Client is M6 Duna Autópálya Koncessziós Részvénytársaság, a single purpose company organised in Hungary to undertake the finance, construction and operation of the M6 Motorway after a successful tender for the concession by the Consortium led by Bilfinger Berger BOT GmbH (Germany), Porr Infrastruktur GmbH (Austria) and Swietelsky International Bau GmbH (Austria).
A senior loan of up to EUR 50 million as part of a Term Loan Facility of EUR 410,850,881 to finance the construction of M6 Motorway. The remaining of the Term Loan Facility will be provided by commercial lenders.
Approximately EUR 482 million.
The project has been categorised A/0.
A Preliminary Environmental Impact Assessment (EIA) was carried out in 2000 in order to compare various alignments. On the basis of this, two alignments were further studied in a Detailed Environmental Impact Study in 2001, which identified a range of potential impacts and has set out a range of mitigation measures to lessen any negative impacts of the operation. The Construction Company, on behalf of the concessionaire M6 Duna will incorporate the recommendations outlined in the EIA.
According to the EIA, the only significant environmental impact of the proposed project that can be identified is the positive effect of accident reduction on the community. Traffic levels are now very high for a single carriageway road. This has led to a high level of accidents. In addition to this, the road surface itself is in poor condition and in urgent need of repair. Based on local and international experiences, the implementation of the M6 project will probably lead to lower accident rates in the relevant section of the existing road No. 6 by as much as 20-30% of light injuries, 45-55% of serious injuries, and 45-65% of fatal accidents.
The main area of ecological interest is the Lívia Fish Ponds. Otherwise there are no areas of significant ecological importance. Works to be constructed in the vicinity of the fish ponds comprise a noise barrier. Much of the construction work could be sited away from the marsh but some limited additional areas for temporary construction plant and equipment may be required.
The principal issues during construction works are piling and vibration operations in connection with new bridges. The type of noise associated with piling works depends on the method of piling used. Any negative impacts were reduced to a minimum by scheduling as much as possible of the piling works for the winter months.
Archaeological finds include two historical earth fortresses named Bolondvár at Beloiannis and Bolondvár at Adony in the vicinity of the impact area of the alignment. Both fortresses are covered by ‘ex lege’ protection. In addition, 5 archaeological sites were found in the Érd section of the alignment. Preliminary archaeological exploration works were conducted on the whole length of the M6 motorway. The archaeological exploration works on the construction site are finished, the monitoring is ongoing.
The designated area was heavily bombarded during WWII and occurrence of unexploded ordnance is highly probable. According to the provisions of the Concession Agreement of the M6 Motorway the Construction Company hired a specialist company, Tornado Kft., to complete unexploded ordinance works in own competence, and the works have been nearly completed.
Access Roads: the 58,6 km long motorway will pass three towns and eleven villages. Nine multilevel interchanges connected to thirteen roundabouts will serve the local traffic. On total 24 underpasses, 37 overpasses and more than 30 km of new dirt road on either side of the new motorway section will be constructed to facilitate the local traffic and the movement of farm equipment.
The implementation of the EIA recommendations and requirements will ensure conformity with the relevant European standards and with the applicable local laws and regulations.
The Construction Company prepared an Environmental Monitoring Plan, a Health and Safety Plan, an Unexploded Ordnance Management Plan, an Environmental Management Plan and has retained a local consultancy firm to monitor the implementation of these plans.
In accordance with the Bank’s Environmental Policy and Public Information Policy, the Detailed Environmental Impact Study (with an Executive Summary in English) and the Public Consultation and Disclosure Plan have now been made available for public review and comments at accessible locations near the project site in Budapest and Dunaújváros for a 60 day period. The consultation period will end on the 4th of May. The English Executive Summary is available on the Bank’s website .
There is an Environmental and Social Impact Assessment available for this project.
M6 Duna Autópálya Koncessziós Rt.
H-1117 Budapest - Irinyi József u. 4 - 20
Tel: +36-1-889 6425
Fax: +36-1-889 6440
Contact: Mr. Arne Speer, Chairman of the Board of Directors
For business opportunities or procurement, contact the client company.
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Tel: +44 20 7338 7168
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