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The reduction of the tax on the National Road is announced

2022-11-10 08:23:52Biznes SHKRUAR NGA REDAKSIA VOX
The reduction of the tax on the National Road is announced
Nation Road

The revenues from the toll on the National Road have been higher than the forecast in the concession contract during the period of its implementation from 2018-2022

In the Concessions Monitoring report for 2021 that was recently published by the Ministry of Finance, it is stated that as a result of the increase in traffic revenue, the Contracting Authority can activate the renegotiation of the contract with the possibility of reducing the toll fee.

The report states that out of 12 risks identified in the Nation Road Concession, the Contracting Authority retained 3 risks: political risk, governance risk and the risk of legal changes, while the construction risk, the risk of asset transfer were transferred to the Private Partner. operation and performance risk and financial balance rebalancing risk.

Meanwhile, demand risk, financial risk, force majeure risk, renegotiation risk and contract termination risk are divided between the private and public parties. In 2018, due to objections on the road fee from road users as well as from the residents of the city of Kukes, the Toll Plaza was out of order for 6 months. "Nevertheless, for the operational months, the income was higher than anticipated. For the year 2021, the materialization of any risk has not been reported, but financial risk, force majeure risk, renegotiation risk and the risk of negative government actions (MAGA) have been classified as medium risks and for MAGA risk.

The revenue of the concessionaire reached 2.5 billion ALL in 2021, of which 1.7 billion ALL was income from taxes in the salary square and 790 million ALL compensation from the government.

Total revenue was 10% higher than in 2020 and 6 percent higher than in 2029.

When it published the concession contract, the government kept the traffic annex hidden, but as reported by the Ministry of Finance, traffic receipts were higher than the projections in the contract.

In the first four years of the contract, the company collected 7.9 billion ALL (67 million euros) in revenue. Meanwhile, the value of the investment by the concessionaire company is 5.6 billion ALL for the entire period of the 30-year contract.

The Ministry of Finance reported that the project is currently in the construction and operation phase. By the end of 2021, 105.9% of capital investments have been realized. According to reports, the concession company continues to carry out the maintenance works of the "Milot-Morinë" highway, as well as improvement works of various components along the highway in order to increase the level of safety.


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