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New challenges and opportunities of globalization Global Investor, 03/2006 Credit Suisse

New challenges and opportunities of globalization
Global Investor, 03/2006
Credit Suisse

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GLOBAL INVESTOR 3.06 Basics — 31<br />

Paris<br />

Clermont-Ferr<strong>and</strong><br />

Millau<br />

Béziers<br />

Architect:<br />

Norman Foster<br />

Constructor:<br />

Eiffage Group<br />

Weight of the steel deck: 36,000 t, i.e. 4 times the Eiffel Tower<br />

Volume of concrete: 85,000 m 3 , i.e. 206,000 t<br />

Cost of construction: approximately EUR 400 <strong>million</strong><br />

Length of the concession: 78 years – 3 years of construction <strong>and</strong><br />

75 years of operation<br />

Structure guaranteed: 120 years<br />

Source: www.leviaducdemillau.com<br />

The pylons are 87 m high<br />

2,460 m length, 3.015% slope, rising north-south in the direction Clermont-Ferr<strong>and</strong>–Béziers<br />

20 km curvature<br />

Public-private<br />

partnerships on the rise<br />

Public-private partnerships (PPP) are driving infrastructure project growth <strong>and</strong> helping government<br />

budgets. Private sector involvement in infrastructure development <strong>and</strong> refinancing has become a<br />

proven concept due to efficiency gains <strong>and</strong> more precise project planning in terms of time schedules<br />

<strong>and</strong> costs.<br />

Thomas Rauch, Equity Strategy & Equity Sector Analyst, Dr. Jeremy James Field, Research Analyst Fixed Income

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