October 27, 2011
The 13-year partnership (including 2 years of construction) represents an aggregate amount of €2.7 billion in revenue for client Ecomouv’ with a total investment cost of €650 million.
The firm’s Paris office recently advised Ecomouv, a consortium lead by Autostrade per l’Italia, the leading European concessionaire for toll motorway construction and management, and its parent company, Atlantia, on the negotiation of the Public Private Partnership (PPP) contract with the French State and of the financing documents and the drafting and negotiation of all industrial contracts for the design, construction, operation and maintenance of the Eco-tax project, an automatic taxation system of heavy-trucks on the French motorway’s network. The project is expected to generate €1.2 billion annually in revenue for the State.
This 13-year partnership (including 2 years of construction) represents an aggregate amount of €2.7 billion in revenue for Ecomouv’ with a total investment cost of €650 million. The PPP is the first contract generating direct return on investment for the French State. The revenue generated by the Eco-tax will be used, amongst other things, to finance transport infrastructure projects in France such as high-speed railways and combined maritime and road transportation. The complete deployment of the Eco-tax project is expected to occur in 2013 after a three-month trial period in the Alsace region (east of France).
The deal was handled by partners Amir Jahanguiri and Thierry Laloum and associates Driss Bererhi, Farah El-Bsat, Anne-Laure Barel and Iris Géniès.
