The prices for driving across the Storebælt fixed link are regulated through a political agreement from 2005 and are adjusted annually based on the consumer price index.
The prices on the Øresund Fixed Link are regulated in line with commercial considerations and the competitive situation. This has been decided in the 1992 Consortium Agreement between the Danish and Swedish owners. The Board of Directors sets the toll charges and the discounts.
Green Transport Policy and Growth Package
The political agreement on a green transport policy signed in January 2009, means that until 2022, A/S Storebælt will contribute to the financing by means of dividend payments. This extends the repayment period by six years.
Dividends of DKK 900 million were paid for the first time in 2013. The remaining amount will be paid until 2022 and depends on the operating results.
In 2014, politicians decided to reduce the payment to A/S Storebælt for the operation of the rail section between Nyborg and Korsør Station by DKK 200 million annually as part of the financing of the spring’s Growth Package. This decision meant that the repayment period was extended by one year.
In 2015, the repayment period has remained unchanged on the year and amounts to 31 year on the basis of the most recently updated repayment period calculation. Calculated from the opening year, this means that the company will be dept-free in 2029.
As part of the 2016 Budget, the annual payment for the rail companies’ use of the fixed links across Storebælt and Øresund was reduced. In the case of A/S Storebælt, the reduction was in the order of DKK 270 million in 2016. From and including 2016, the amount is dependent on actual train traffic whereas previously a fixed fee was earmarked in the Budget. The reduction has a negative impact on the repayment period, which this year, however, is offset by lower financing costs and increased traffic growth.
On 21 September 2017, a political agreement was concluded concerning price reductions on the Storebælt fixed link and moreover that A/S Storebælt should contribute to the financing of the expansion of sections of the Funen motorway. It was also decided to reduce prices by 15 per cent with effect from 1 January 2018, rising to 25 per cent when the roads are completed in 2022. This has had an impact on the repayment period, which is extended by four years and now amounts to 34 years, whereby the debt is expected to be repaid in 2032. In the 2018 financial year, the repayment period is unchanged at 34 years.