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Investor Presentaiton

Parameters governing motorway traffic levels LV traffic ■ Demographics Living standards Fuel prices Elasticity approx. +1.0 > + 1.0 approx. 0.3 Level of tolls Individual behaviour (attitude to car) non quantifiable ■ Urbanisation approx. -0.3 impact > 0 HV traffic ■ GDP (manufactured goods) +1.1 approx. -0.3 ■ Level of tolls Guaranteed trip time non quantifiable Advantages compared with other modes of transport Authorised speed ■Safety and services ■Flexibility VINCI → 44

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