We entered the stretch of the year and the Ministry of Public Works plays in Galicia.
"ACS, Ferrovial, Acciona and FCC wants to team up in the largest English concession"
http://www.cincodias.com/articulo/empresas/ACS-Ferrovial-Acciona-FCC-quieren-aliarse-mayor -concesion-espanola/20101111cdscdiemp_1/cdsemp /
"The construction industry buzzing about the imminent bidding for a historic concession, both in their numbers as being the first wide-ranging in the railway field. This is the section of AVE-Lubián Olmedo-Orense, valued at 6,000 million. Various sources claim that ACS, FCC, Acciona, Ferrovial has offered to bid together in order to add capacity to lift 1,350 million in loans and provide 600 million in equity. Meanwhile, its rival medium pressure Promotion to split the contract. "
Go! Have to contribute 600 million from his pocket and ask for 1,350 million euros to the bank ... With the times seems a little risky gamble Galicia essential communications in this way is not it?
"deck in the industry that half of those 6,000 million budget would be provided by the State, the Bank put on the table 1,050 million, the 600 million awarded withstand its own resources and seek other 1,350 million in credits commercial banks. A business still shape on a sheet. Therefore it will take a final decision. "
The famous statement ... Do you have already closed in Development?
"This problem is linking the bank financing. Close associate of Minister interacted White with commercial banks to support this action. And is that the drying up of credit could still dealing with this historic project. "
If 10 years ago Pepe Blanco took his briefcase and, province by province, was convincing the delegates to elect ZP PSOE (which you got it), then do not hesitate now scroll halfway around the world successfully, Mecado market, convincing the commercial banks: London, Berlin, New York ...
"Finance and Development discussed the statement, but everything indicates this historic competition will come this year. Long ago, the concessions were the largest volume radial and first generation highways. Experiences that have ended in bitter pill for the concessionaires. "
We see that there are several keys in this macrolicitación:
1) We must put a lot of money from their own resources. Not all companies have the money.
2) You have to convince banks to put a lot of money. Not all companies have sufficient credit in the market to give them money. There are not many banks with opportunities to give such credit.
3) The tender specifications and requirements is key when not compute as a deficit and does not drag the battered accounts of the English economy. The Finance Ministry is still reviewing the tender documents (is that not convinced?)
4) The recent experience of PPP (Public Private Participation) left large frog, there are concessions for radio and highways first generation
And considering all this ...
AGREES TO STOP ALL "AVE GALICIA TO ACCESS THE FATE OF AN AWARD OF THIS TYPE? Galician
All we wish him the Minister of Public Works, because their fate is ours, and if it goes wrong, Galicia will NEVER AVE (nor will there be no money in the General State Budget). All
this, but otherwise, I had a few days ago the press Galician:
Development Finance expects to give the green light AVE macrocontrato
http://www.lavozdegalicia.es/galicia/2010/ 11/06/0003_8831968.htm
"While the Treasury controls all state procurement, the review of draft Special Infrastructure Plan (IEP) which is part of the public-private partnership is being done with greater department intervention Elena Salgado, because it is a formula for hiring new and is necessary to analyze the future impact on the Budget. "
Seeking investors abroad is an added boost to the project
http://www.lavozdegalicia.es/galicia/2010/11/06/0003_8831970.htm
" The announcement by the Minister of Development, Joseph White, who will meet with representatives of U.S. mutual funds and Chinese to explain the project Special Infrastructure Plan (IEP) might give the impression that the funding of contracts such as the Galician AVE is not fully assured. "
"Development Ministry sources, however, Conversely interpret this contact with foreign investment groups. To begin with, were the executives of several funds that were interested in the plan of public-private partnership after its approval in April this year. "
Yes, yes. The funding is assured, but if perhaps going to China and New York (to promise substantial benefits, even if it is given over the escalation of the risk premium English).
In any case, pending the Treasury approved the statements and that investors find Pepe Blanco , Public Works approve projects meet basic
Approval the record of Public Information and Hearing and definitive "Blueprint North-Northeast Corridor High Velocidad.Línea high-speed Madrid-Galicia. Tranche Lubián-Ourense.Subtramos Lubián-Vilavella, Vilavella-Vilariño, Vilariño-Cerdedelo yCerdedelo- Porto. Platform
http://www.boe.es/boe/dias/2010/11/12/pdfs/BOE-B-2010-38555.pdf
Further information on http: / / www.fomento.es/NR/rdonlyres/34548363-7A2B-48E3-8A36-8B08957F0A86/95599/10111201.pdf
And yet the Minister takes chest
The minister reiterated that the AVE from Ourense James and A Coruña circulated in late 2011
http://www.lavozdegalicia.es/galicia/2010/11/06/0003_8831971.htm
"So Joseph White summarized his commitment yesterday to the late Next year AVE can circulate between A Coruña, Santiago and Ourense. "
The Minister of Development, informationally transparent speaking again, telling us that in 2011 the Galician AVE circulate between Coruña and Santiago. BUT
not tell us what we're going to move into WIDTH IBERIAN and trains up to 250 KM / H. Let's see if some clever PROMOTION comes and convinces us that this is AVE.
Where there has been TRANSPARENT Development Minister José Blanco has been a socialist party to the Covenant which Obradoiro signed with the President of the Xunta Feijoo said "He put his signature and I put the pasta" .
And I say that has been transparent because it has been very clear that Pepe Blanco is believed to own the pulp of the Ministry of Development. Go nerve, to come to Galicia boasting rich kid. Both assumed that even mocked the (absurd) Feijóo promise to the AVE-Ourense Lugo: "Let him do and I start paying in 2015."
(both statements are http://www.lavozdegalicia.es/galicia/2010/11/08/0003_8835544.htm )
NO Cucumber. Who has 6 years in Galicia promising things that are not met you. And if someone starts to pay in 2015 will be all the English, not you. More respect for Galicia. To see if the next time you come by train Galicia you do: you'll be the ass that you'll take away the urge to redo Conas with our infrastructure.
Otherway these weeks we have more news as the airport expansion Alvedro:
Development calls for tenders to extend the track Alvedro
http://www.fomento.es/ NR/rdonlyres/0EB550EE-D385-479D-995A-6347DBA0D436/95550/10111102.pdf
"The estimated cost of works to be about 120 million euros."
How? "120 million works?
"The tender budget of these works is 82 million euros (VAT included). Including the estimated cost of expropriation and other actions, the total investment about 120 million euros."
Ahhhhhh, thank goodness that the note clarifies Development (mdespués to mislead the header) that the works cost 82 million (not 120 which is the total investment). Now that's transparency!
will, because I go talking about the new terminal Coruña and the draft PGE2011 what is coming is a game of 1.7 million to draft the project, but with ZERO euros for 2011.
For those who want to know the execution time of the works, saying that stretches to 36 months, ie 3 years (see tender http://www.boe.es/boe/dias/2010/ 11/11/pdfs/BOE-B-2010-38402.pdf )
Being ill: the Ministry of Development said that it was able to run the AVE Lubián-Ourense in just 3 years, but is not able to run an extension of 400 meters of runway of an airport in less than 3 years. Curious is not it?
There was also good news for the airport of Vigo:
José Blanco attended the ceremony to inaugurate the construction of the new airport terminal Peinador (Vigo)
http://www.fomento.es/NR/rdonlyres/DCEEB47C-383F-436C-8E8F -32C29304C839/77918/10101102.pdf
"The Development Ministry will allocate more than 100 million euros for expansion and renovation works of the airport"
"The Ministry allocated 47.6 million euros to construction of the terminal building. In total, including parking, new office complex and other actions, the Government of Spain's investment in the expansion and remodeling Peinador amount to more than 100 million euros. "
The same play with the investment data ...
To finish and changing back to railway tracks, it seems that the Xunta de Galicia is tired of doing panoli paying Renfe to maintain unprofitable lines. And I say making panoli because Galicia was one of the few regions who voted with their money that support:
La Xunta justify the withdrawal of subsidies by Renfe "xestión inefficient"
http://www.lavozdegalicia.es/galicia/2010/11/11/0003_8841890.htm
is clear that we must subsidize loss-making services if they meet a service of general interest. What can not be done is that the pay that subsidy Galicia Xunta (ie, Galician citizens) and another region pay the state (ie, all English, including, again, Galician).
right?
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