Motorway construction project hub for Italy

Several leading Italian and international funds and industrial groups are reportedly looking into the feasibility of uniting all the major motorway construction projects in the north-east of Italy. The aim of the scheme would be to buy into the capital of one of the holdings and then work to buy stakes in the other firms, which are currently mostly under state control. The conglomeration of the three major firms Serravalle, Autostrada Serenissima and Autovie Venete, to be carried out over five years, would
November 28, 2012 Read time: 2 mins

Several leading Italian and international funds and industrial groups are reportedly looking into the feasibility of uniting all the major motorway construction projects in the north-east of Italy.

The aim of the scheme would be to buy into the capital of one of the holdings and then work to buy stakes in the other firms, which are currently mostly under state control. The conglomeration of the three major firms Serravalle, 6668 Autostrada Serenissima and 5372 Autovie Venete, to be carried out over five years, would give the project US$3.89 billion in capital. This would then be boosted by an additional $12.93 billion from project financing sources, while other firms such as Autobrennero and Pedemontana Veneta could also be added to the mix.

The companies currently thought to be involved in the plan are funds Equinox and F2i; civil engineering groups 5177 Vinci and Gavio; and bank 1473 Intesa Sanpaolo. Ultimately, the new hub could be floated on the stock exchange with the support of a rock-solid business plan.

For more information on companies in this article

Related Content

  • Near US$200m loan for Balkan motorway
    April 27, 2012
    The European Bank for Reconstruction and Development (EBRD) has granted a US$198million (€150million) sovereign-guaranteed loan for the construction of part of the new Banja Luka-Doboj motorway in Bosnia and Herzegovina. The loan-targeted motorway section is the main east-west link in Republika Srpska, one of the country’s entities. The EBRD said it will also support the preparation of the first public-private partnership (PPP) project for the main north-south link in Bosnia and Herzegovina, Doboj to Vukosa
    Read More
  • Minister gives green light for UK road schemes
    May 8, 2012
    Roads Minister Mike Penning yesterday gave the green light for development work to be carried out on six new major UK road schemes. The development work, which will take place over the next three years, aims to prime the road schemes for completion in the early years of the next spending review period (post 2015). The six proposed road schemes, which aim to boost economic growth as part of the Government’s National Infrastructure Plan, are:
    Read More
  • Soil compaction innovations abound
    October 26, 2012
    Manufacturers continue to innovate with sophisticated new soil compaction machines - Mike Woof reports This year has seen the introduction of a series of new soil compaction machines, as manufacturers develop their product ranges. Meeting emission legislation requirements in Europe and North America has helped drive firms to install the latest engine designs. Meanwhile machines have also evolved as companies further refine operating features. The global market for compaction machines has been dominated by
    Read More
  • The Italian Asphaltica event will relocate to Verona
    November 23, 2012
    Italian asphalt and road association fights economic downturn with plans to relocate the Italian asphalt industry’s leading show, Asphaltica, to Verona. The Asphaltica show is to relocate from Padua to Verona, in Italy for the next event in 2014. Italian asphalt and road association SITEB signed an agreement with exhibition company VeronaFiere in the week leading up to this year’s show, held between 21 and 23 November. Details of the deal have yet to be worked out. SITEB’s agreement with PadovaFiere to hol
    Read More

Highlighted Content