Skip to main content

Financing is in place for key Italian highway

In Italy funding is being found to finance work to the Livorno-Civitavecchia highway. Some €2 billion worth of private funding is to be made available for the Livorno-Civitavecchia highway project. This funding stream is being set in place due to framework changes being made by CIPE, the Italian interdepartmental committee for economic planning. This will now pave the way for banks to fund the project. Construction works are already underway on a 15km section of the highway.
October 4, 2013 Read time: 1 min
In Italy funding is being found to finance work to the Livorno-Civitavecchia highway. Some €2 billion worth of private funding is to be made available for the Livorno-Civitavecchia highway project. This funding stream is being set in place due to framework changes being made by CIPE, the Italian interdepartmental committee for economic planning. This will now pave the way for banks to fund the project. Construction works are already underway on a 15km section of the highway.

Related Content

  • Kazakhstan road project - funding secured
    October 7, 2021
    Funding has been secured for a Kazakhstan road project.
  • Serbian highway plans
    March 19, 2012
    Serbian contractor Milos Trans will start work on the Serbia’s Corridor 11 highway during 2012. The firm will carry out work on the stretch running from Preljina to Takovo.
  • Funding issues – delays to Kenya’s major highway project?
    April 17, 2018
    Concerns over financing are delaying progress on Kenya’s massive highway connection project. The new highway between the capital Nairobi and the country’s premier port of Mombasa is expected to cost in the region of US$3.5 billion. Construction is being managed by the US contractor Bechtel, which is sourcing suitable funding from private firms and has considerable experience of building highways in developing nations. But the sheer scale of this project, one of the country’s largest since its independence,
  • Russian road-building industry on verge of massive cuts
    June 10, 2015
    Russia’s road building programme looks set to be cut due to economic issues - Eugene Gerden writes The Russian Government is considering a significant cut to the existing road building programme for the current year. This is due to a current economic crisis in the country, caused by Western sanctions as well as a collapse in the price of oil and gas.