In July 2005 the Gdansk Transport Company (GTC) - in which John Laing holds a 29% stake - reached Financial Close on the €700 million project to design, build, finance and operate the A1 motorway. John Laing co-owns GTC with Skanska ID (Skanska AB Group’s investment subsidiary), international road developer and operator Intertoll of South Africa and NDI S.A., a Polish property developer and construction contractor

John Laing’s equity commitment for Phase 1 is €11.5m.
 
Design and construction is subcontracted to a joint-venture company consisting of Skanska AB’s 100% owned Polish subsidiary ‘Skanska Poland’ and NDI SA. Tolling equipment supply and installation will be subcontracted to Intertoll Polska who will also be responsible for operations and routine maintenance.

The payment mechanism for the project is predominantly availability based, with a minority shadow toll element. The concession period extends for 34 years to 2039.

The project is based on a PPP, with the costs entirely financed by GTC.  Senior Financing is being provided by the European Investment Bank and the Nordic Investment Bank.

More information about the  A1 is available on the project web site www.a1-autostrada.pl/en