PwC to consult on D4 and R7 construction

THE INTERNATIONAL consortium led by the PricewaterhouseCoopers (PwC) consulting agency was picked to advise the public-private partnership (PPP) project for constructing the sections of the D4 highway and R7 express double-carriageway near Bratislava at a total length of 60 kilometres.

THE INTERNATIONAL consortium led by the PricewaterhouseCoopers (PwC) consulting agency was picked to advise the public-private partnership (PPP) project for constructing the sections of the D4 highway and R7 express double-carriageway near Bratislava at a total length of 60 kilometres.

Other members of the consortium are the law firm White&Case and the Obermeyer Corporate Group, which deals with technical preparation.

“After nearly one year we completed the selection procedure for the consultant,” said Viktor Stromček, state secretary of the Transport Ministry, as quoted by the SITA newswire.

The ministry has praised the competition and considers it to be transparent. The final price of the services will be known after the end of the whole process, but Stromček believes it will not be higher than the originally expected sum of €6.1 million without VAT. He stressed that the price per hour is about 50 percent lower than in previous PPP projects, as reported by SITA.

Altogether 14 firms were interested in participating in the competition, but only two qualified for the final round. Only a consortium led by PwC however submitted the final bid.

Stromček says that the consortium was not aware that it was the sole bidder until the last minute. It allegedly even decreased its price in the electronic auction.

“We would be glad if the two consortiums competed in the electronic auction,” the state secretary said, as quoted by SITA. “But we cannot force the private sector to act.”

Mike Wilder, the leader of the PwC transaction services group in Poland and CEE/CIS, said that the consortium has met all the required conditions, as reported by SITA.

The Transport Ministry plans to launch a competition for the construction of the D4 highway and the R7 express double-carriageway sections by the end of this year. The construction work on the four sections could start in late 2015 or early 2016, with the price expected to be €1.5 billion without VAT. Additional land-related costs are expected to be €300 million for the D4 and €100 million for the R7.

Source: SITA

Compiled by Radka Minarechová from press reports

The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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