1. 1 The motorway Kliplev - Sønderborg

2. 2 Facts about the motorway between Kliplev and Sønderborg 25 km 4-lane motorway (130 km/h) from E45 by Kliplev to the Alssund Bridge by Sønderborg 7 approach systems 10 local roads across/under 10-15 km reconstruction of local roads 2 small valley bridges Average amount of daily traffic in 2015: Western part: 9.000 Eastern part: 25.000

3. 3 Timetable for tendering process Hearing about PPP ………………………………………………………April 2008 Preliminary notification ………………………………………………May 2008 Tender notification ………………………………………………………August 2008 Prequalification …………………………………………………………… October 2008 Publication of tender material ……………………………………November 2008 Competitive dialogue …………………………………………………1st half of 2009 Choice of tenderer ………………………………………………………2nd half of 2009 Expected opening of motorway …………………………………2013 Expiry of contract with PPP-operator …………………………2039

4. 4 Differences between building and construction Building:- The asset is marketable - Buildings are isolated objects - The building is projected after choice of location - Simple regulatory process - Few neighbours - Only building activity at the building site Road constr.:- The asset is not marketable - The road system is a network, where each road must be seen alike - Road constrution must be projected before the constrution site is acquired - Complicated regulatory process - Numerous neighbours - Other activities at the construction site (traffic), when exsisting roads are reconstructed

5. 5 Important choices: Public ownership Parallel tender considered, but abandoned Tender material inspired by Norwegian concept Type of tender with competitive dialogue

6. 6 Important requirements - construction: Observation of acquisition boundaries Observation of official autorizations Observation of road standards Usage of low-noise asphalt Important requirements – operation and maintenance: Road must match the rest of the road network Road users must not experience a difference Usage of operation specifications of the Road Directorate Construction requirements convert into performance and condition requirements

7. 7 Important challenges, currently handled: Payment model, including fine/bonus Handling risks Co-operation model / conflict management Assignment criteria Relations with authorities and landowners/neighbours Quality of construction by expiry of contract

8. 8 Payment mechanism 1. One fixed amount at the completion of the road Objective: Incentive to accelerate completion. Fines related to the construction will be deducted in the amount. Two instruments of debt: 2. Instrument of Debt 1: Risk-free (not subject to deductions). Paid by instalments during operating period. 3. Instrument of Debt 2: Risky – being subject to deduction for non compliance at the handover of the road to the Road Directorate. The instrument of debt will be paid in its entirety – after deduction - at the handover of the road to the Road Directorate. Each of the tenderers will be compensated – except the winner.