Skip to main content

Funds approved for Spain's tolled highway project

Funding for a road project in Spain is being set out by contractor Sacyr. The savings banks Caixanova and Unicaja will provide the funding, which will allow work to be completed on a 24.5km stretch of the AP-46 toll road linking Malaga and Alto de Las Pedrizas as to date only half of the work has been finished on the €367 million project. A further €200 million is required, with Sacyr providing the rest from its own sources.
May 15, 2012 Read time: 1 min
Funding for a road project in Spain is being set out by contractor 3959 Sacyr.

The savings banks Caixanova and Unicaja will provide the funding, which will allow work to be completed on a 24.5km stretch of the AP-46 toll road linking Malaga and Alto de Las Pedrizas as to date only half of the work has been finished on the €367 million project.

A further €200 million is required, with Sacyr providing the rest from its own sources.

The road was supposed to have opened in late 2009 but will not now be ready until 2011.

For more information on companies in this article

Related Content

  • Caterpillar meets the challenges
    February 14, 2012
    Roads in south-eastern France and those on the west coast of Spain share a common challenge often faced by road construction crews around Europe: extremely tight working conditions. According to Caterpillar, such conditions create construction demands that can affect traffic flow, the preservation of historic structures and even the ability to resurface these narrow roads that, in some cases, have been around for centuries. Add to these challenging working conditions, the mountainous terrain found in the Al
  • Italian highway projects advancing
    December 17, 2012
    Two key highway projects in Italy are exhibiting good progress at present. Construction work on the new Brescia-Milan highway link is now more than 50% complete. The bridges crossing the Serio, Adda and Oglio rivers are 84% complete, while the underpasses and drainage is 49% ready. Service stations, surveying and foundation work is 40% complete while the remaining operations are progressing. Italian road construction firm Brebemi believes that the highway be will be complete and open to traffic by 31 Decemb
  • Colombia’s troubled Hisgaura Bridge
    October 22, 2024
    Maintenance is planned for Colombia’s troubled Hisgaura Bridge.
  • Canada’s toll Highway 407 extension east of Toronto opens
    June 21, 2016
    A US$780 million eastward extension to Toronto’s major toll highway 407 has opened after four years of construction. Work on 407 East Phase 1 project – which also included construction of the smaller Highway 412 – involved building more than 148 lane-kilometres and 11 interchanges. The 22km road stretches from Brock Road in the town of Pickering to Harmony Road in the city of Oshawa. Highway 412 is a 10km north-south road that connects Highway 407 to Highway 401. Travel on the toll road will be free u