The bidding process is opening for a major Italian highway business

The tender process has opened for a major highway business in Italy. The sale is for an 80.5% stake in highway operator Autostrade Milano Serravalle-Milano Tangenziali (Milano Serravalle). The deal is expected to be worth more than €1 billion in all. The packages for sale are the 52.9% held by the province of Milan through holding Asam; the 18.6% held by the municipality of Milan, and the 9% held by the municipalities of Lecco, Como and Pavia and the provinces of Como and Pavia. The basic cost of the tender
October 16, 2012 Read time: 2 mins
The tender process has opened for a major highway business in Italy. The sale is for an 80.5% stake in highway operator 6728 Autostrade Milano Serravalle-Milano Tangenziali (Milano Serravalle). The deal is expected to be worth more than €1 billion in all. The packages for sale are the 52.9% held by the province of Milan through holding Asam; the 18.6% held by the municipality of Milan, and the 9% held by the municipalities of Lecco, Como and Pavia and the provinces of Como and Pavia. The basic cost of the tender will be around €645 million. There will also be €350-400 million required to support the Milano Tangenziali and Pedemontana highway projects. But the Milano Serravalle business has €300 million of debts. The chambers of commerce for Como, Pavia and Milan have all said they are not taking part in the deal and will retain control of a total of 5.6% of Milano Serravalle.

For more information on companies in this article

Related Content

  • Tenders open for England’s A66 northern trans-Pennine route
    October 31, 2019
    A €52 million contract to design the transformation of the A66 northern trans-Pennine route in England is now up for grabs, according to Highways England. A tender is open for dualling the remaining single carriageway sections of the A66 which links the M6 motorway at Penrith in Cumbria and the A1(M) motorway) at Scotch Corner in North Yorkshire. The formal notice for the A66 Preliminary Designer, Construction Technical Advisor and Supervision tender process has been published in the Official Journal of
    Read More
  • Strasbourg's tolled highway project moves ahead
    May 18, 2012
    Plans are moving forward in France for the beltway project around the city of Strasbourg. This tolled highway project is now expected to cost up to €756 million, compared with the original estimate of €400 million quoted during the call to tender in 2009. Vinci won the concession for the link. Should the project progress according to schedule, construction work could commence in 2013. The highway would then be opened to traffic in late 2016 or early 2017. The 24km highway is intended to features two lanes
    Read More
  • Samoter success says show organisers
    February 27, 2017
    The organisers of the Samoter construction equipment show and the co-located Asphaltica and Transpotec Logitec events in Verona claim success. Strong visitor attendance for the four day show was recorded, with 84,000 industry professionals from 86 countries entering the turnstiles. The three shows were held for the first time together at the Verona Exhibition Centre, thanks also to an agreement between Fiera Milano and Veronafiere.
    Read More
  • Tender open for key Florida highway
    April 30, 2013
    Competition is strong in the tender process for a highway project in Florida. The contract is to design, construct, finance, operate and maintain the interstate I-4 highway and the investment required for the project is expected to exceed US$1.95 billion. The tender is being held by the Florida Department of Transport through a public-private partnership. The project includes the reconstruction of 35km of the I-4 and the revamped route will feature four tolled lanes. Spanish firms OHL and FCC are partnering
    Read More

Highlighted Content