1. LIEFKENSHOEK RAIL CONNECTION FINANCIAL CLOSING OF THE PUBLIC PRIVATE PARTNERSHIP 5 November 2008
LUC LALLEMAND
CEO
_Liefkenshoek Rail Connection

2. CONTENT Infrabel strategy for the port of Antwerp
The Liefkenshoek rail connection
Public Private Partnership
Project company LOCORAIL NV
Conclusion & questions
_Liefkenshoek Rail Connection
_Liefkenshoek Rail Connection

3. STEP-BY-STEP INFRABEL STRATEGY (I)
1. INFRABEL STRATEGY FOR THE PORT OF ANTWERP
STEP-BY-STEP INFRABEL STRATEGY (I)
Infrabel invests heavily in competitive and adapted rail infrastructure in the port of Antwerp according to the strategy of CONCENTRIC CIRCLES:
1st circle: enhance efficiency of freight traffic in the ports ex. rail infrastructure around Deurganck Dock and the Rail Link Liefkenshoek
2nd circle: improve access to Belgian ports ex. Ghent Curve, Bifurcation Schijn and Krijgsbaan, Second Railway Access
3th circle: create new access axes ex. Iron Rhine (complementary to the Montzen axis)
Bifurcation Schijn
Rail Link Liefkenshoek
Deurganck Dock
Second Railway Access
Ghent Curve
Iron Rhine
Bifurcation Krijgsbaan
_Liefkenshoek Rail Connection
_Liefkenshoek Rail Connection

4. SITUATION & DESCRIPTION
2. THE LIEFKENSHOEK RAIL CONNECTION
SITUATION & DESCRIPTION
16.2 km direct rail connection between:
Antwerp Left Bank (Waasland Port)
and
Antwerp Right Bank (shunting yard Antwerp North)
Route:
Siding South Beveren Tunnel Scheldt Channel Dock B1-B2 Antwerp North
SIDING- SOUTH
BEVEREN TUNNEL
SCHELDT
CHANNEL DOCK B1-B2
ANTWERP- NORTH
FAISCEAU- SUD
TUNNEL BEVEREN
ESCAUT
DOCK CANAL B1-B2
ANVERS- NORD
_Liefkenshoek Rail Connection
_Liefkenshoek Rail Connection

5. 2. THE LIEFKENSHOEK RAIL CONNECTION
OBJECTIVE
Optimal rail connection of the Deurganck Dock AND improvement of the traffic flows in the port of Antwerp
Step 1: Deurganck Dock
(1st phase: 2004 – )
(2nd phase: 2008 – horizon )
Construction of new tracks and sets of tracks (+/- 153 km extra tracks)
Expansion and modernisation of rail infrastructure on Left Bank
Step 2: Liefkenshoek rail connection (2008 – )
Faster and more efficient rail traffic between Deurganck Dock and Antwerp North
Avoid detour over busy intersections (Kennedy Tunnel, Berchem)
Scheldt
_Liefkenshoek Rail Connection
_Liefkenshoek Rail Connection

6. STRATEGIC CONNECTION (-) SIMULATION
2. THE LIEFKENSHOEK RAIL CONNECTION
STRATEGIC CONNECTION (-) SIMULATION
Situation in 2020 WITHOUT the Liefkenshoek rail connection
Saturation of the Kennedy Tunnel and the axis Antwerp-Berchem – Antwerp-Schijnpoort
Right Bank
Scheldt
Left Bank
Future Liefkenshoek rail connection
Antwerp-North
Antwerp- Schijnpoort
189 trains/day
109 trains/day
_Liefkenshoek Rail Connection
_Liefkenshoek Rail Connection

7. STRATEGIC CONNECTION (+) SIMULATION
2. THE LIEFKENSHOEK RAIL CONNECTION
STRATEGIC CONNECTION (+) SIMULATION
Situation in 2020 WITH the Liefkenshoek rail connection
Difference of approx. 100 trains which no longer have to pass through the Kennedy Tunnel
 A new impulse for the Deurganck Dock and Antwerp Right Bank!
Right Bank
Left Bank
Scheldt
Future Liefkenshoek rail connection
109 trains/day
Antwerp-North
Antwerp- Schijnpoort
81 trains/day
0 trains/day
_Liefkenshoek Rail Connection
_Liefkenshoek Rail Connection

8. Structured cooperation between
3. PARTENARIAT PUBLIC-PRIVÉ
DESCRIPTION OF PPP
Structured cooperation between
Government
Infrabel
Private entity LOCORAIL NV
Purpose = financing and accelerated execution of a key project (Liefkenshoek rail connection) creating added value for both parties
DBFM agreement (Design, Build, Finance et Maintain)
 Creative financing mechanism for key mobility project!
_Liefkenshoek Rail Connection
_Liefkenshoek Rail Connection

9. Public Private Partnership
ADVANTAGES OF PPP
Public Private Partnership
Detailed specifications for the design and the construction of the entire project
Transparency and optimisation of the costs
Better compliance with the imposed construction periods and the cost of construction
Transfer of risks from the public to the private sector
In this case: building risk and availability risk
_Liefkenshoek Rail Connection

10. EVOLUTION & TIMING PPP LIAISON FERROVIAIRE LIEFKENSHOEK
3. PUBLIC PRIVATE PARTNERSHIP
EVOLUTION & TIMING PPP LIAISON FERROVIAIRE LIEFKENSHOEK
18/04/06 Call for tenders for financing and construction
May '06 – Juin '08 Negotiations and refining of the project during talks with three candidate consortia
26/05/08 Candidate consortia submit Best and Final Offer (technical aspects)
19/06/08 Candidate consortia submit Best and Final Offer (financial aspects)
Juin – Oct. ‘08 Talks between Infrabel and candidate consortia with best price offer
06/10/08 Signing of agreements on environmental measures and transfer of ownership of land with Flemish Region and port authorities
09/10/08 Establishment of LOCORAIL NV
5/11/08 Contract closing + assignment of construction contract Financial closing of the PPP Liefkenshoek rail connection!
_Liefkenshoek Rail Connection
_Liefkenshoek Rail Connection

11. 3. PUBLIC PRIVATE PARTNERSHIP
PLAN OF THE WORKS
20/10/08  Start nature compensation works (Rietveld Kallo)
12/11/08  Start construction works Liefkenshoek rail connection
Mid 2013  End of construction works
 Works on tracks, signalling infrastructure and overhead wiring (Infrabel)
Spring '14  Testing of new rail infrastructure + homologation
Mid 2014  Putting the Liefkenshoek rail connection into operation
_Liefkenshoek Rail Connection
_Liefkenshoek Rail Connection

12. INVESTMENT LIEFKENSHOEK RAIL CONNECTION
3. PUBLIC PRIVATE PARTNERSHIP
INVESTMENT LIEFKENSHOEK RAIL CONNECTION
Total investment: approx. 765 million (current) euros
Infrabel: approx. 75 million (current) euros (construction of rail infrastructure)
PPS: approx. 690 million (current) euros (CAPEX)
Flemish Region: co-financing of 107 million euros
* In annex you'll find a view of the different railway projects and Infrabel investments in and around the Port of Antwerp
_Liefkenshoek Rail Connection
_Liefkenshoek Rail Connection

13. PRIVATE INVESTMENT GROUP LOCORAIL NV (I)
4. PROJECT COMPANY LOCORAIL NV
PRIVATE INVESTMENT GROUP LOCORAIL NV (I)
Includes: CFE NV, VINCI Consession SA, BAM PPP Investments Belgium
Financing resources provided by
(actors LOCORAIL)
50 %
50 %
Europese Investeringsbank (EIB)
ING
Fortis
Banco Santander
Société Générale
BNG (Bank Nederlandse Gemeenten)
Bayerische Landesbank
_Liefkenshoek Rail Connection
_Liefkenshoek Rail Connection

14. 4. PROJECT COMPANY LOCORAIL NV
LOCORAIL NV (II)
responsible for financing and construction of the infrastructure (partly civil engineering)
responsible for the costs of maintenance of the infrastructure during 38 years
puts the infrastructure at Infrabel’s disposal during this period
transfers the ownership of the infrastructure to Infrabel after 38 years (2051)
 Locorail NV receipts: availability fee of approx. 50 million euros/year from Infrabel during 38 years!
_Liefkenshoek Rail Connection
_Liefkenshoek Rail Connection

15. 4. PROJECT COMPANY LOCORAIL NV
LOCORAIL NV HAS OUTSOURCED CONTRUCTION ACTIVITIES TO CONSTRUCTION CONSORTIUM LOCOBOUW NV (I)
THV LOCOBOUW includes:
MBG
VINCI Construction Grands Projets
CEI-De Meyer
Wayss & Freytag
(actors LOCOBOUW)
THV LOCOBOUW is also responsible for:
- the realisation
- the maintenance during 38 years
_Liefkenshoek Rail Connection
_Liefkenshoek Rail Connection

16. CONSTRUCTION CONSORTIUM THV LOCOBOUW (II)
4. PROJECT COMPANY LOCORAIL NV
CONSTRUCTION CONSORTIUM THV LOCOBOUW (II)
Construction of railway bed from Bundel South to the Beveren railway tunnel (1-3)
Construction of two single-track bored tunnels under the Scheldt and channel dock B1-B2 (5-6)
Renovation and adaptation of the existing Beveren Tunnel (3-4)
Construction of closed tunnel construction and open access ramp on Right Bank (6-7)
Adaptation of existing railway tunnel under the R2 (7)
Construction of an access tunnel between the Beveren railway tunnel and the tunnels to be bored (4-5)
_Liefkenshoek Rail Connection
_Liefkenshoek Rail Connection

17. 5. CONCLUSIE
CONCLUSION
The Liefkenshoek rail link is the 2nd successful PPP project for Infrabel (* Diabolo and Liefkenshoek rail link projects)
The investment world places tremendous trust in Infrabel
The private sector is injecting around 1 billion euros* into our railway infrastructure
_Liefkenshoek Rail Connection
_Liefkenshoek Rail Connection

18. QUESTIONS?
_Liefkenshoek Rail Connection