Consortia will apply, which include all the activities I have mentioned, and all of them will compete with each other with bids. Moreover, considering that the life cycle costs are also the responsibility of the concessionaire, it is essential for the state to optimize the infrastructure during its creation, which cannot be achieved with a classic assignment. The state will be completely in the role of a customer, which will only start paying when the infrastructure in question is in use by the public.
What the projects have in common is that they are relatively financially demanding. What does this mean for banks that would participate in financing?
Banks finance PPP projects up to ninety percent, so the overall feasibility of projects is uruguay phone number data under very detailed scrutiny, from many angles, including technical, legal, financial, tax, accounting and insurance. Our main interest is the future economic sustainability of the project company's management with the aim of ensuring the ability to repay funds as much as possible. However, this interest is shared with the state. Therefore, in a certain respect, we become a partner of the state in the implementation and long-term sustainability of the project.
In the Czech Republic, the construction of the D4 motorway between Příbram and Písek is being completed as a PPP project, a project to modernise the line from Prague-Veleslavín to Václav Havel Airport Prague is being prepared, and other projects are also in preparation, such as selected sections of the high-speed railway in Moravia and other sections of the motorway network, specifically part of the Prague Ring Road and the D55 motorway. Are you interested in supporting the financing of any of them?
In general, I can say that we are interested in all meaningful PPP projects being prepared in the Czech Republic. You have not yet mentioned the largest highway contract in the history of the Czech Republic, which is looking for a contractor for the construction of the last two sections of the D35 highway, including the longest tunnel so far, almost four kilometers long, where, according to the announced conditions, the estimated construction costs are 35 billion crowns.
However, there are also other activities, such as considerations about implementing affordable housing in the form of concession PPP, which, thanks to their inherent characteristics and with appropriate organization, could also be beneficial for smaller cities.
Is ČSOB, for example, planning to allocate a special team for PPP projects? Like European banks, for example?
As I mentioned, we have been involved in financing PPP projects in my project financing team for a long time and we are not planning to create another specific team. However, it is a multidisciplinary specific matter that includes a number of other professions within the bank. From experienced employees in branches, in syndications, through our dealing, ALM, lawyers, to, for example, approvers within our risk.