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Together, the partners will invest around EUR 945 million in the project. The entire volume is privately financed. The third-party financing in the amount of roughly EUR 800 million is provided via Deutsche Bank and the European Investment Bank (EIB). Deutsche Bank also rendered consultancy services in connection with the financing.

Refinancing is via quality-dependent payments governed by the highway‘s availability and from traffic-related shadow toll revenues. In addition, Asfinag will make direct payments for structures erected but not operated by the consortium, such as minor roads.

Construction work on the sections of the S1 and S2 - Vienna‘s northeastern beltway - and of the A5 highway between Vienna and Mistelbach near the Czech border, 51 kilometers in all, are due to start in January 2007 and be completed in 2010. This work will be executed on a 50/50 basis by Alpine Mayreder and HOCHTIEF Construction AG. This cooperative construction venture is led by Alpine. The consortium will operate the concession route for 30 years. It is the first PPP road project in Austria.

HOCHTIEF PPP Solutions GmbH is the HOCHTIEF Group‘s competence center for public-private partnership (PPP) projects in Europe and South America. The company focuses on the market segments of toll roads/traffic infrastructure and public-sector building construction/social infrastructure. For the privately financed realization of public infrastructure projects, HOCHTIEF PPP Solutions offers all services from a single source - from planning and design through to financing, construction/refurbishment and operation. The company is currently involved in a total of 17 PPP projects representing an investment volume of about EUR 3 billion. In the segment of public-sector building construction, HOCHTIEF PPP Solutions today is one of the leaders in Germany. Further information is available at www.hochtief-pppsolutions.com.

HOCHTIEF is one of the leading international providers of construction-related services. With more than 41,000 employees and a sales volume of EUR 13.65 billion in FY 2005, the company is represented in all the world’s major markets. In the USA, the biggest construction market in the world, HOCHTIEF is the No. 1 general builder via its subsidiary Turner. With its Group company Leighton, HOCHTIEF is market leader in Asia/Australia. The HOCHTIEF service offering in the fields of development, construction, services, concessions and operation covers the entire value chain of projects. Further information is available at www.hochtief.com/press.