Ferrovial - Annual Report 2012

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Toll roads

Portugal

Euroscut Azores toll road

  • Shadow toll road (in Portuguese, SCUT: Sem Cobrança ao Utilizador) under which payment is made not by the highway users, but by the authority granting the concession.
  • In the operational phase since December 2011, it is 87.4 km long and designed as three arterial roads. The south road, which connects the airport and the south of the island; the north road, which improves the connection between the two most important islands in the archipelago; and the northeast road, which improves the connection between the least developed towns in Sâo Miguel.
  • The toll rates are applied under a system of varying rates divided into traffic bands: a rate per vehicle is applied in three sections. The first band, which is the longest, has a intermediate rate; the second band, the shortest, has the lowest rate; and the third band has the highest rate. Toll rates are linked to the consumer price index for the Azores.

Euroscut Algarve toll road

  • Connects Lagos and Vila Real de Santo António, passing through the Portuguese towns of Portimâo, Loulé, Faro and Tavira.
  • Originally a shadow toll road (in Portuguese, SCUT: "Sem Cobrança ao Utilizador"). Since 8 December 2011 it has been operating under a temporary agreement with the public authorities until the final agreement is formalized. This agreement enables the concessionaire to receive income according to a formula based on a baseline traffic scenario, until the final agreement is reached.
  • Traffic risk mitigated by a system of traffic bands and rates paid via shadow tolls: a decreasing toll rate is applied per vehicle in three traffic bands as the traffic increases, until it reaches a threshold above which the rate is zero.
  • Rates are indexed according to the consumer price index for Portugal.

Euroscut North-Coast toll road

  • Run on an availability payment system since 30 June 2010. The payment is collected through a manager (Vialivre, managed by Cintra).
  • It runs along the northwest coast of Portugal, connecting the towns of Oporto and Caminha, close to the Spanish border, with a branch inland, between Viana do Castelo and Ponte da Lima.
  • Payment calculated by the number of days on which the highway is operating, with deductions for road unavailability and adjustments depending on the accident rates.
  • Daily toll rates are indexed using the consumer price index for Portugal.
  • Vialivre

  • Pioneering company in fully-electronic free flow toll payment on long distance roads.
  • It has a back-office system designed and developed by Cintra and Ferrovial to manage payment, with advanced functions to manage information flows, which guarantee efficient payment and accurate monitoring of each trip at all times.
  • Payment is made via an electronic license plate device (electronic toll collection) or payment per license plate, i.e., payment in cash of the toll rate plus a surcharge to an authorized agent.
  • This company manages the Euroscut Algarve and North-Coast toll systems.
   

Euroscut Azores figures

93.7
km
€386.4
million investment managed
89.2%
stake
2036
end of concession period

Euroscut Algarve figures

129.8
km
€264.1
million investment managed
85%
stake 
2030
end of concession period

Euroscut North Coast figures

119
km
€385.9
million investment managed
84.04%
stake 
2031
end of concession period

Vialivre figures

174.5
km
84.04%
stake
This operator works on a two-year contract with extensions.

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This is an electronic version of the 2012 Annual Report prepared by Ferrovial, S.A. for its stakeholders, which aims to be complete and accurate. The contents of this version can be checked by referring to the print version. A copy of the print version in PDF format is available to download on this web page