Spain needs €6.5bn road infrastructure investment, says SHA

Spain needs around €6.5 billion spent on its road infrastructure to bring it back up to ‘reasonable’ quality standard, according to a report drawn up by the Spanish Highways Association (SHA). The huge works’ bill is said by the SHA to be due to the deterioration of the roads since 1985. According to McKinsey, this investment could be reduced if tendering authorities made more effort when it came to project analysis. By improving the use of engineering services by 3% to 5% per investment, cost savings of
April 14, 2014 Read time: 1 min
Spain needs around €6.5 billion spent on its road infrastructure to bring it back up to ‘reasonable’ quality standard, according to a report drawn up by the Spanish Highways Association (SHA).

The huge works’ bill is said by the SHA to be due to the deterioration of the roads since 1985. According to McKinsey, this investment could be reduced if tendering authorities made more effort when it came to project analysis. By improving the use of engineering services by 3% to 5% per investment, cost savings of up to 40% could be gained.

Spain is increasingly distancing itself from the average investment made in engineering in Europe, as the government spends fewer funds on infrastructures despite their worsening state. According to Bricard Associates, Spanish investment in engineering comes to under 4.5% of total infrastructure investment, while the European average is 8.4%.
Road Structures Highway & Network Management

Related Content

  • Chile needs new roads and other infrastructure, says CChC chief
    May 28, 2014
    With a deficit of US$58 billion in infrastructure, ranging from highways to ports and airports, Chile's priority should be urbanisation, according to Javier Hurtado, head of studies at national construction chamber CChC. "Today, over 80% of Chileans live in cities. Urban areas are where a significant part of the economy and life happens. So if you want to make real improvements to quality of life, focus on urban areas," Hurtado said in an interview with BNamericas. In the same interview, Hurtado cited a n
    Read More
  • Geosynthetics market will develop
    March 1, 2012
    A new report from the US-based market research specialist the Freedonia Group suggests that worldwide demand for geosynthetics is projected to increase 8.3% annually to 4.5 billion m2 in 2015
    Read More
  • Freedonia Group study: Global construction machinery sales to US$189bn by 2017
    August 5, 2013
    Global demand for construction machinery is expected to rise 6% a year to $189 billion in 2017, according to a new study by US-based industry market research firm The Freedonia Group. The expansion will be fuelled primarily by growth in the Asia/Pacific region, particularly China, where the market will climb at a double-digit annual rate as construction spending, especially on infrastructure projects, continues to increase.
    Read More
  • Ukraine's pivotal plans
    February 16, 2012
    The authorities in the Ukraine are in discussions regarding financing for a major road project, as well as making plans for the country's first ever highway concession.
    Read More

Highlighted Content