The Hungarian Road Administration organised a two stage international tendering procedure aiming at an award of concession to finance, design, build, maintain and operate new sections of M1/M15 Motorways. This type of public/private partnership organised for infrastructural development was completely unknown in Central-Eastern Europe. Recently approved new laws created a friendly background, but allocation of risks remains a challenge. The tender documentation and the evaluation methodology should be carefully prepared. The M1/M15 case is an extraordinary one, as it will be the first motorway link between East and Western Europe. Some elements of the tendering procedure could be generalised however, and contributes effectively to the implementation of an ambitious toll motorway construction program in Hungary in the nineties. (A) (This abstract only is published in the seminar volume).
Samenvatting