The Warnow Tunnel is a 2.1 kilometre toll road, including a 0.8 kilometre tunnel under the Warnow River, which opened to traffic in September 2003.
At the time of investment, Rostock was the largest of seven Baltic ports and the fourth largest German port. The road allows users to cross under the Warnow River which divides Rostock. Most of the residential areas are located on the western side and most of the industrial areas are on the eastern side of the river. This includes the Rostock Port, a roll on roll off freight and passenger ferry port for Baltic shipping, a bulk port, Cruise Terminal with up to 5 ships a day in the summer peak as well as a growing bulk retail centre.
ALX has a 100% interest in the concessionaire Warnowquerung GmbH & Co. KG (WQG), the concessionaire partnership, and its general partner.
Concessionaire ownership structure
Warnowquerung GmbH & Co. KG (WQG) owns the concession to operate Warnow Tunnel for 50 years from construction completion. A 20-year extension to the original 30-year concession was formally granted by the City of Rostock in February 2007, resulting in a concession expiry of 12 September 2053.
WQG is managed by the general partner, Warnowquerung Verwaltungsgesellschaft mbH. The general partner has unlimited liability.