Project Overview Business and Procurement Model Presentation 13th Informal PPP Exchange Lisbon, 6th July 2007 Zaragoza, 8 th June 2010 Portuguese High Speed Rail Project High Speed Projects and Public Private Partnerships

2 Portuguese High Speed Rail Project

3 Porto Vigo Lisboa Madrid Portuguese High Speed Rail Project

STRUCTURING THE EUROPEAN ATLANTIC SOUTH- WEST FRONT – bonding the region and contributing to its competitiveness SUSTAINABLE MOBILITY – improve the competiveness of the rail transport while reducing road accidents, emissions and the country’s dependence of oil based energy INCREASE THE COMPETITIVENESS OF THE PORT, AIRPORT AND LOGISTICS SYSTEMS – improving their articulation and making their area of influence broader 4 MAIN OBJECTIVES

Norte Line - % of utilisation (peak hour) 5 HS Line Norte Line PORTO LISBON PORTO LISBON RELEASE OF CAPACITY IN THE CONVENTIONAL RAIL NETWORK Improving suburban, regional and freight rail services

1667 mm Rail Gauge 6 INTEGRATION OF THE NATIONAL RAIL NETWORK IN THE TEN-T: Assuring the interoperability both in the passenger and freight transport

Implementation 7

RATIONAL Dimension of the investment Technological risk Horizontal and vertical interface risks Lifecycle Strategic role within the Public Sector The Portuguese Business Model Infrastructure 8 Sub & Superstructure ( 5 PPP’s) Signalling & Telecommunications (1 PPP) Capacity Allocation & Traffic Management (State/REFER)

The story so far: Lisbon-Madrid Axis 9

Lisboa Évora International Station Mérida Cáceres Plasencia Talavera NavalMoral Madrid  Distance: 645 km  Mix Traffic (Passenger + Freight)  Travel Time : 2h45m (today 9h00m) Lisbon-Madrid Axis

PPP 1 – Section Poceirão-Caia (165km) PPP 2 – Section Lisboa-Poceirão (34 km) Lisbon Station – Traditional procurement Lisbon-Madrid Axis PPP 6 – Signaling & Telecommunications International Station – to be developed jointly by both countries

Construction and Operation of Evora Station 12 HS Line 165 km Convencional Line 92 km Construction cost M€ Maintenance cost 12,2M€ (p.a.) The story so far PPP1 – Poceirao / Caia ÉVORA MONTEMOR-O-NOVO VENDAS NOVAS POCEIRÃO LISBOA Estação de Évora ALANDROAL PINHAL NOVO MOITA REDONDO BARREIRO ELVAS Contract Signed on May 8, 2010 Scope: Design, Built, Finance and Maintain Concession Period: 40 years

PPP1: Poceirao – Caia Financial Structure 13 EU Grants - 41% TEN-T Cohesion Fund REFER Portuguese State Promoters & Commercial Banks European Investment Bank Private Finance - 49% State Support - 10%

+169% -33% -58% -39% ( PSC PPP BAFO PPP 14 PPP1: Poceirao – Caia Life Cycle Costs Design PPP – Final Proposal (BAFO) PSC – Public sector Comparator PPP

Main ideas

MAIN IDEAS 1.Portuguese HSN will accelerate the integration of the national rail network in the TEN-T 2.EU Financial Support has been essential to the development of our HSN 3.Portuguese PPP Model for HSN enabled: i.a significant cost reduction; ii. wide risk transfer to privates; and iii. efficient integration of public and private financing. 16

Project Overview Business and Procurement Model Presentation 13th Informal PPP Exchange Lisbon, 6th July 2007 Carlos Fernandes Thank you for your attention