Move to establish north-east Italy motorway construction hub

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
October 4, 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

  • Circuit of the Americas Formula for F1 success
    April 4, 2013
    In November 2012, the new Circuit of the Americas (COTA) in Austin, Texas, hosted the first ever Formula 1 US Grand Prix on a purpose-built track. But, as Jeff Winke and Guy Woodford report, the construction of COTA was just as demanding as competing in an F1 race itself For COTA construction contractor Austin Bridge & Road, L.P., nothing was more vital to the successful building of the 5.5km F1 track than meeting the strict criteria for its asphalt-paved surface. “The amount of stress this pavement will un
    Read More
  • The world’s longest suspension bridge
    June 24, 2024
    The world’s longest suspension bridge is the 1915 Çanakkale Bridge in Turkey. This engineering marvel links Gelibolu with Lapseki, forming a key section of the 101km highway linking Malkara with Çanakkale. *Article produced in partnership with the General Directorate of Highways (KGM), Ministry of Transport and Infrastructure, Republic of Türkiye.
    Read More
  • Mixing recycled and fresh asphalt reduces costs
    February 14, 2012
    An innovative asphalt plant is allowing the use of recycled materials and achieving major cost benefits - Mike Woof reports. UK construction firm FM Conway is seeing the benefit of the €11.5 million (£10 million) it has invested in its asphalt production facilities at Erith in Kent, close to UK capital London, since buying the site in 2005. The biggest single investment in the facility has been a new Benninghoven asphalt plant, which was commissioned in June 2010 and is now the core of the Erith operation.
    Read More
  • Spain eyes new standard contract for long-term road development
    November 7, 2018
    Spain is looking to revamp its contractual formulae for large infrastructure work following moves to limit profits from long-term concession deals. The Ministry of Works is putting together a hybrid contract template for use with the Extraordinary Investment Plan for Roads. The previous government had tried to launch the investment plan on the back of around 20 concession contracts of over 20 years. The hybrid contract would aim to save road investments worth around €5 billion. It would be a mixed con
    Read More

Highlighted Content