Nationalisation plan for Madrid motorways

The Spanish Ministry of Development is considering nationalising the loss-making radial motorways in Madrid through state-owned company Seittsa. The plan would involve putting in place a toll-payment system to generate revenues to pay interests on debts and maintenance of the roads. The Ministry has already detected 600 locations where remote controlled payment systems could be installed in Madrid to charge those using the roads. The same plan includes a project to nationalise all motorways in Madrid at ris
July 2, 2012 Read time: 2 mins
The Spanish Ministry of Development is considering nationalising the loss-making radial motorways in Madrid through state-owned company Seittsa. The plan would involve putting in place a toll-payment system to generate revenues to pay interests on debts and maintenance of the roads. The Ministry has already detected 600 locations where remote controlled payment systems could be installed in Madrid to charge those using the roads. The same plan includes a project to nationalise all motorways in Madrid at risk of default: four radial roads, plus the AP-41 (Madrid-Toledo), and the M-12 (Airport Axis). Seittsa would pay a token US$1.25 for each of them and it would assume their debts. Radial No2 is being operated by 2717 Ferrovial and it has debts of over US$530 million, while radials Nos 3 and 5 are in the hands of Abertis and bear a debt of US$820 million. Radial no 4 is being run by Ferrovial and 3959 Sacyr and has a debt of US$700 million. Moreover, 1392 Isolux, Comsa and 5289 Azvi operate the AP-41 and it has filed for administration after registering US$462 million debts, and the M-12, which is run by 980 OHL, recorded US$350 debts.

For more information on companies in this article

Related Content

  • Ferrovial completes Texas motorway works and bids for another key tender
    November 2, 2012
    The Spanish construction company Ferrovial has completed its US $ 1.40 billion (€1.08bn) works on the SH-130 motorway in Texas (US). The company is preparing a bid for further work in the US state by competing for the contract to build the IH-35 in Dallas while, at the same time, completing further works on two other key Texas road projects: the NTE (North Tarrant Express) Highway; and the Lyndon B. Johnson Freeway (Interstate 635).
    Read More
  • Embedded sensors help deliver self-monitoring roads
    November 22, 2021
    As road authorities look to automate their road monitoring and maintenance, we will need more and more sensors within our highway networks
    Read More
  • Developments in minimising construction defects
    February 27, 2012
    Egis has an innovative approach to addressing construction defects - *Martin O’Flaherty, Jean Pohu. Defects often become apparent after construction projects are handed over to the client and this is a common problem across most highway projects. The problem is shared by highway operators who have assumed the responsibility of managing such projects.
    Read More
  • Bidding is healthy for a contract for the I-77 Interstate highway in the US state of North Carolina with Spanish firms competing
    April 4, 2012
    Bidding is healthy for the I-77 Interstate highway project in the US state of North Carolina. This 47km highway runs from the city of Charlotte to Mooresville and the contract will be for a 50 year period. Spanish construction companies ACS, OHL and Ferrovial are all amongst the bidder for the US$501.5 million package, which includes construction, maintenance and. French firm Vinci has formed a partnership with US companies Parsons, Archer Western and Blythe Construction. ACS has ACS formed a consortium wit
    Read More

Highlighted Content