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.
Road Structures

For more information on companies in this article

Related Content

  • Corridor 10 project in Serbia may be delayed
    April 2, 2013
    A series of challenges are now facing the project to construct Serbia’s key Corridor 10 highway. The EU has asked the Serbian Government for details of the priority plan and deadlines for the completion of the Corridor 10 highway. At present three sections of Corridor 10 are at risk, due to delays and financing issues. These are the Ciflik-Pirot stretch, the Bancarevo tunnel and the Vladicin Han section. According to Serbian roads company Koridori Srbije, the construction schedule will be set by the end of
    Read More
  • Highway work planned for Serbia
    August 10, 2012
    A series of major highway construction and road repair projects is planned for Serbia. The World Bank (WB), the European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD) have all been in talks with the Serbian Government concerning funding for the work. Funding worth €408.46 million has been approved by the three banks for programme of highway construction and road repairs.
    Read More
  • Major Central American infrastructure projects
    February 23, 2012
    Mexico and Central America are home to some of the world's most spectacular infrastructure projects as Patrick Smith reports
    Read More
  • Sri Lanka's new highway - on track
    February 14, 2012
    Work is progressing on-track on Sri Lanka's Southern Expressway project. This will be the country's first expressway and is expected to be completed by 2012, removing the bulk of traffic from the existing coastal road that is highly congested and also has serious safety issues.
    Read More

Highlighted Content