Case Studies: A22 Algarve, Portugal

Project Overview

Figure 1: A22 – Algarve, Portugal
A22 – Algarve, Portugal
Contract Duration:	30 years
Budget
NPV for State payments:	215.7M (original proposal with 9.5% discount)
State:	EUR 1086.6M
Construction:	EUR 218.2M
Concessionaire:	EUR 472.1M (Investment, operation and maintenance)
Financing cost:	EUR 217.4 M (Financial data from the court of auditors report of 2003).
Project Time Line
Tender Call:	October 1997
Date Contract Approved (signed):	11 May 2000
Other important dates for the project:
Completion of Construction:	11 March 2003
End of Renegotiations:	December 2011