Investor Presentaiton

SWOT Strengths 1. Grantor is willing to provide availability payments 2. IFIs are interested in financing the project 3. Acceptance of tolling by drivers 4. Project is part of a European corridor Weaknesses 1. Low traffic volumes 2. No space for increasing toll rates Opportunities 1. Possibility to reduce capex and cost of O&M through the use of the DBOT model 2. MIGA's Breach of Contract guarantee 3. Synergies with the PPP project which is being structured in the RS Threats 1. Political cycle 2. High cost of construction 3. Affordability of availability payments for the Grantor 20 20 AC JP Autoceste FBIH IFC International Finance Corporation World Bank Group

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