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

  • India’s capital highway project will improve transport connections
    October 10, 2017
    Huge numbers of construction machines as well as plant and equipment are working overtime, backed by mammoth manpower, to meet the targeted completion deadline of March 2018 for India’s Eastern Peripheral Expressway (EPE). The 135km arterial route is being built with six lanes and surrounds India’s National Capital, Delhi, its National Capital Region (NCR) and the industrially developed North Indian states of Haryana and Uttar Pradesh.
  • Uruguay’s premier PPP project awarded
    November 11, 2015
    Work will commence shortly on Uruguay’s first PPP highway project. The construction and concession is being handled by a consortium comprising key contractors. The Uruguayan Ministry of Transport and Public Works awarded the project to a consortium made up of Sacyr Concesiones (43%), Sacyr Construcción (8%) and Grinor (49%). The project involves the building, restoration and management of a 179km corridor connecting the cities of Nueva Palmira and Mercedes.
  • Key projects free up Auckland's congested motorway network
    June 14, 2012
    A number of key projects in Auckland, New Zealand will free-up the city’s congested motorway network - Mary Searle reports.Auckland is a sprawling city, home to 1.4 million people, one third of New Zealand’s total population. Until recently, greater Auckland comprised Auckland city, North Shore city over the harbour bridge to the north, Waitakere city to the west and Manukau city to the south. An amalgamation of these various cities’ councils, plus the regional council and three district councils into one,
  • Paraguay’s planned highway projects
    January 22, 2019
    Several major road projects are underway in Paraguay at present, though issues are afflicting some. Although the Rute del Este consortium comprising Sacyr, Mota Engil and Ocho A was awarded the PPP contract to upgrade Ruta 2 and Ruta 7, the necessary funding has yet to be delivered. The Inter-American Development Bank (IADB) and the US Bank have both said that they would give the necessary funding. A new deadline has been set for the funds to be delivered at the end of March 2019. Meanwhile there are also d