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

  • Reduced pollution with locally sourced materials
    February 24, 2012
    Robert Petts provides a practical example of gTKP at work. There is a substantial requirement for a range of sealers and binders in the global road infrastructure sector. The principal need is for the construction and maintenance of road surfaces and pavements. Globally, more than 100 million tonnes of bitumen are produced each year, mostly for use in the road sector.
    Read More
  • Reduced pollution with locally sourced materials
    April 12, 2012
    Robert Petts provides a practical example of gTKP at work. There is a substantial requirement for a range of sealers and binders in the global road infrastructure sector. The principal need is for the construction and maintenance of road surfaces and pavements. Globally, more than 100 million tonnes of bitumen are produced each year, mostly for use in the road sector.
    Read More
  • Major road projects for Philippines planned
    September 11, 2015
    A series of major highway infrastructure projects are planned for the Philippines. Plans are in hand for the Cavite-Laguna Expressway (CALAX) project, with MPCALA Holdings calling on the authorities to give final approval so that construction can commence before 2017. MPCALA Holdings is a subsidiary of conglomerate Metro Pacific Investments (MPIC) and won the 35-year contract to build, operate and maintain the CALAX in June 2015. The CALAX project is worth US$754.6 million. At present, the company is lookin
    Read More
  • Cemex wins over 90% acceptance for debt exchange offer
    August 22, 2012
    Cemex, the largest cement maker in the Americas, has won more than 90% acceptance of an offer to extend maturities on US$ 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

Highlighted Content