Warnow Tunnel
The Warnow Tunnel is a road tunnel 790 m long which connects the east and west bank of the Warnow river in the Hanseatic city of Rostock in Mecklenburg-Vorpommern, Germany.
History
It is Germany's first toll road in modern times and Germany's first privately financed transport project. The construction cost of 220 million euros was financed by Bouygues Travaux Publics, Macquarie Infrastructure Corporation, and 14 banks. It was inaugurated on 12 September 2003 by the Federal Transport Minister Dr. Manfred Stolpe.By 2006, the tunnel was close to bankruptcy. Only 10,500 vehicles were crossing it daily, compared to the expected 20,000. The operating concession was extended from 30 to 50 years to make it more profitable for its operator.
The 50-year operating concession is held by Warnowquerung GmbH & Co. KG, which is 70% owned by the Australian investment company Atlas Arteria which operates many tolled roads worldwide. On 15 August 2018, Atlas Arteria announced an agreement to acquire the remaining 30%.
In November 2015, the fare to cross the tunnel was raised to cope with high maintenance costs. By September 2020, 67 million cars had driven through the tunnel since it opened.