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

  • Nova Scotia commits to major road spend
    January 17, 2023
    The US$748 million announced is part of a five-year highway improvement plan.
    Read More
  • Spain: 'spend more on maintenance'
    July 5, 2012
    Spain's road maintenance deficit has now reached €8.6 billion in the period since 2005, according to road maintenance companies. The industry has now asked the authorities to invest 2.5% of the roads value on maintenance to take up the shortfall. The companies include Imesapi and Dragados (ACS); Grupisa (Ferrovial); Acciona Mantenimiento de Infraestructuras (Acciona); Martinsa (FCC); Valoriza (Sacyr), and Elsan (OHL). This group says that the value of all the roads the Spanish government is responsible for
    Read More
  • Bidding for Uganda road connecting Kampala and Jinja
    May 22, 2018
    In Uganda bidding is now underway for the new expressway project to improve transport between capital Kampala and the industrial city of Jinja. The project for the 95km section of road is expected to cost US$1 billion to construct. The contract is being offered under the design, finance, build and operate model, with the route then being handed back to the Ugandan Government once the agreed concession period is complete. Some of the financing will be provided by the Africa Development Bank (AfDB), French De
    Read More
  • Construction work will start shortly on major Indonesian tollroad
    July 22, 2013
    In Indonesia the country’s government intends to speed up preparations for the massive Trans Sumatra tollroad project. This 2,700km highway link is costing close to US$30 billion and much of the work will be carried out by the state-owned contractor, Hutama Kaya. Construction will commence in late-September 2013 and the project is scheduled to be fully open by 2025. This highway will connect all 10 provinces in Sumatra Island through Aceh-Lampung. Phase one of the project is for the construction of four sec
    Read More

Highlighted Content