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

  • Strasbourg motorway beltway project scrapped
    June 8, 2012
    The proposed US$943million (€750mn) Strasbourg motorway beltway has been scrapped due to concerns over its need, cost and potential environmental impact. The project, which had been fiercely criticised by Strasbourg’s socialist and green party elected officials, has been added to the list of four other projects that are on hold or buried for the same reasons: the Lyon motorway beltway (estimated at €1.5bn to €2bn ten years ago); the Bordeaux toll road (€1.7bn); the Genoble beltway (€687mn); and the Marseill
    Read More
  • Global pressures driving bitumen developments
    June 19, 2015
    A raft of global pressures is driving developments in the materials and equipment we use for the handling, storage and treatment of bitumen. The goal is to achieve better performance and longer life for less financial outlay, and at the same time overcome the challenges of inconsistent and varying bitumen supplies. Kristina Smith reports.
    Read More
  • The IRF India Regional Conference is seeing its 9th edition this year
    July 7, 2015
    The IRF Geneva said that India has the dubious distinction of claiming the highest number of fatalities by road crashes. More than 10% of road-related deaths occur in India alone, and this poses a serious challenge, being the major killer of young and productive lives. While India’s infrastructure programme is being lauded all over the world and high rate of growth has been achieved for the 1.25 billion strong democracy, a significant 3% of the GDP is lost every year due to the uncontrolled and unmanaged
    Read More
  • Eurovia’s big investment for PMBs in the UK
    May 15, 2019
    Eurovia UK, part of the Eurovia SAS and ultimately VINCI SAS, has invested £7 million in a new polymer modified bitumen and emulsion plant in Thurrock, by the River Thames in South-east England. Having drawn on technology and experience from other plants around Europe and in the US, Eurovia claims that the plant is the group’s most advanced yet. “It is very automated, there will be a very small team required to operate the plant,” said Paul Kimber, divisional manager – PolyBitumens, Eurovia UK. PolyBitumen
    Read More

Highlighted Content