Background
A fixed linked (bridge/tunnel) between Parainen and Nauvo in the south-western Finnish archipelago has been discussed for more than 50 years. The link would replace the existing ferry connection thereby securing better availability of, and access to, the archipelago. Over the years, several studies for different options (bridge/tunnel) had been completed, focusing mostly on technical feasibility of different options. The starting point so far has been that a fixed linked should be financed fully from the Finnish state budget.
In 2018, the Foundation for Project Research and it’s subsidiary PBI Research Institute was approached by local actors in Nauvo including the City of Parainen. The task was to identify new alternatives models for how a fixed linked investment could be made feasible also from a financing and delivery model point of view. Over the years, it had become apparent that new ideas are needed if the investment is to become reality in the future.
Our role
Impact assessment
Cost-Benefit Analysis
Who benefits from bridge and how
Bench marking completed bridge projects in Norway and Finland
Alternative delivery and financing models
Alternative models (ST/PPP)
Practical model for implementing ‘Beneficiary pays’ principle
Detailed cash flow analysis for each alternative, sensitivity analysis
Feasibility of PPP3 model
Market dialogue with financers and major construction companies
Further development of toll fee company model
Communicating results to key decision makers
Impact
Re-activated discussions on making the investment reality
Parainen-Nauvo bridge potential as Finland’s 1st pilot case for toll fees
