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

  • Seattle’s Alaskan Way tolls to be kept to a minimum
    June 4, 2018
    Drivers could pay as little as US$1 to use Seattle’s 2.7km Alaskan Way tunnel when it opens, likely by the end of the year. The Washington State Department of Transportation, owner of the tunnel, are considering several rates depending on time of day and day of week, according to local media. The DoT said funding for the $3.2 billion viaduct replacement programme comes from state, federal and local sources as well as the Port of Seattle and tolls on drivers using the tunnel. The money will fund tunnel
    Read More
  • Focusing on workzone safety systems
    March 16, 2012
    The US has seen a major reduction in deaths following accidents in its highway construction work zones, while Europe and other parts of the world are looking at new safety technology and systems to trigger a similar trend. Guy Woodford reports. Work in the US to reduce the likelihood of potentially fatal accidents at highway work zones is paying dividend.
    Read More
  • Telvent to manage and maintain traffic-light network in Madrid
    March 15, 2012
    Spain’s capital city, Madrid, has awarded Telvent GIT a contract to manage, operate and maintain two of the three most important zones of the capital's traffic light network, involving over 1,600 traffic-light intersections.
    Read More
  • Russia’s most expensive road project to commence
    January 15, 2019
    Construction work is being planned for Russia’s most expensive road, which will be built in south of the country – Eugene Gerden reports Work is due to commence shortly on Russia’s most expensive road, in the south of the country. The highway will form part of the existing 1,600km Moscow-Sochi road, according to recent statements from senior officials at the Russian Ministry of Transport as well as local analysts. As part of the project, the Russian Government, together with private investors, plans to
    Read More

Highlighted Content