Debt issues for Spanish toll road

Financial issues are now impacting heavily on Spain's Radial 4 (R-4) highway. The companies involved, Autopista Madrid Sur Concesionaria Espanola and Inversiones de Autopistas del Sur, are facing high levels of corporate debt.
September 21, 2012 Read time: 1 min
Financial issues are now impacting heavily on Spain's Radial 4 (R-4) highway. The companies involved, Autopista Madrid Sur Concesionaria Espanola and Inversiones de Autopistas del Sur, are facing high levels of corporate debt. However traffic volumes have been lower than expected, while the cost of the project has been high.

Related Content

  • Cemex wins over 90% acceptance for debt exchange offer
    August 22, 2012
    Cemex, the largest cement maker in the Americas, has won more than 90% acceptance of an offer to extend maturities on US$ 7.25 billion of loans by three years. Support for the proposal, whose acceptance deadline was extended to 7th September, is said to have bolstered Cemex’s efforts to prevent a financing crunch in 2014 by pushing maturities to 2017.
    Read More
  • Tasmanian bridge proposal faces controversy
    October 27, 2020
    The design proposal for a new Tasmanian bridge project faces controversy.
    Read More
  • IRF awards
    March 2, 2012
    The International Road Federation (IRF) has announced the winners of the 2011 Global Road Achievement Awards (GRAA) Competition.
    Read More
  • S&P Global Rating: credit stability for toll road operators
    August 14, 2017
    The outlook is generally stable for business conditions and credit quality for toll roads worldwide, according to the latest survey from ratings agency S&P Global.The exception is the US where the overall outlook is “positive”, noted the report S&P Global Ratings' 2017. The 21-page report considers broad economic and industry-specific trends. It looks at economic conditions, demographic trends and geopolitical risks that affect the movement of people and goods. “We expect stable or improving, but still frag
    Read More

Highlighted Content