Toll Charges Indexation Arrangements

The PPP Agreements provide that the tolls can be increased on an annual basis in line with inflation. The maximum toll that can be charged is updated each year by reference to the consumer price index as published by the Central Statistics Office. More specifically the maximum toll is calculated as the aggregate of:

(a) the Base Tolls (as set out in the Toll Scheme Bye-Laws multiplied by the Consumer Price Index for August in the preceding year divided by the Opening Index (as set out in the Bye-Laws),

and (b) VAT at the prevailing rate on the amount derived pursuant to subparagraph (a)

and the resulting amount is rounded to the nearest 10 cent*. Such maximum toll is then applicable as from the 1st January. The mechanism followed to determine the annual maximum toll charges is as stipulated in the PPP Agreement concluded for each scheme and the accompanying toll scheme bye-laws which have legal status and effect.

* In the case of the Dublin Port Tunnel, the Bye-Laws provide for rounding to the nearest 50 cent or euro as the Authority may determine appropriate.