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

  • Sany’s new range of construction machines
    May 15, 2019
    Sany has introduced no less than 42 new models to its range of construction machines, spanning a wide array of market segments. One of the most innovative new developments from Sany is the firm’s VR unmanned excavator control package. This allows the machine to be operated remotely so that it can be used in difficult or dangerous applications. These duties would include operations such as carrying out the New Austrian Tunnelling Method (NATM) in areas of unstable geology where there is a potential for roof
    Read More
  • EIB aids funding for Poland's A2
    July 12, 2012
    The European Investment Bank (EIB) will help funding of the A2 highway project in Poland, which has faced financing problems due to the economic crisis. The EIB is making an exception to its usual policy by granting to Polish company Autostrada Wielkopolska credit that covers over 50% of the costs of the construction work for a highway section. The EIB will provide €1 billion for the A2 investment and to create an option of an additional €200 million. The total value of the investment, which is expected to
    Read More
  • Construction equipment market to grow - CEA report
    February 29, 2012
    The UK’s Construction Equipment Association attracted a large audience for its annual general meeting.
    Read More
  • GPS machine control paves the way for Turkish canal
    February 7, 2012
    GPS machine control for earthworks and concrete paving is helping to fast track construction of an irrigation canal in Turkey - Claire Symes reports. The Turkish economy is expected to flourish as a result of construction of a new irrigation channel currently underway in the east of the country. This canal is benefiting from the latest concrete paving and earthmoving technology and will bring with it prosperity to a deprived area of the country. But the project is already taking the lead in terms of Turkish
    Read More

Highlighted Content