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

  • Brisbane’s new airport link is an engineering success
    April 12, 2013
    Financial troubles for Brisbane's new Airport Link overshadow its construction success – Adrian Greeman writes. Political argument and legal dispute is likely to rage for some time yet over the bankruptcy of Australian road operator BrisConnect, which went into receivership this February with A$3 billion in debt. Toll paying users for its new Airport Link have been less than half the predicted numbers since it opened in July last summer. But if its nancial engineering is being questioned, the same is not t
    Read More
  • India rushing to improve its highway system
    February 9, 2012
    Despite the world economic slowdown, India still seems in a rush to improve its highway system as Patrick Smith reports. Later this year India will be seen by hundreds of millions worldwide when the country's capital New Delhi hosts its biggest event ever.
    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
  • Making the U-turn
    August 2, 2012
    Political hostility to a toll road project in Australia has been turned around by the quality and amenity of the project writes Adrian Greeman Cars, trucks and vans were taking to the new EastLink toll road in Melbourne with enthusiasm this July, pleased to try out its 39km route for time and cost savings. As well as the convenience of the uncongested route, drivers were also able to view an extraordinary multi-shaded perspective of transparent green and orange noise wall panels, burnt earth-coloured retai
    Read More

Highlighted Content