Italy highway widening funding found

Funding has been sourced to pay for widening work on Italy’s important A4 Autostrade. The section from Venice to Trieste will benefit from a finance package worth €600 million from the European Investment Bank (EIB) and the Italian bank Cassa Depositi e Prestiti (CDP). The funding will be supplied to Autovie Venete, the Italian motorway concession firm. This will pay for the construction of third lanes for the highway in either direction, helping boost capacity. The route has been identified as being strate
February 27, 2017 Read time: 1 min
Funding has been sourced to pay for widening work on Italy’s important A4 Autostrade. The section from Venice to Trieste will benefit from a finance package worth €600 million from the European Investment Bank (EIB) and the Italian bank Cassa Depositi e Prestiti (CDP). The funding will be supplied to 5372 Autovie Venete, the Italian motorway concession firm. This will pay for the construction of third lanes for the highway in either direction, helping boost capacity. The route has been identified as being strategic to the EU. The A4 route runs between Italy’s western and eastern borders in the north of the country and is amongst the most heavily used routes in the country and also carrying a high percentage of large trucks and through traffic.
Road Structures Finance & Funding

For more information on companies in this article

Related Content

  • Slovakia’s D4/R7 zero bypass of Bratislava picks up award
    February 10, 2017
    Slovakia’s D4/R7 zero bypass of Bratislava has picked up the Best Transaction in Europe award given by the UK magazine Project Finance International. The Ministry of Transport and Construction received the award in London in early February. The ministry said that the contract is notable for being the first whereby a project had combined funding from European Union investment and structural funds and the EU fund for strategic investment. World Highways reported in January that construction will start early
    Read More
  • Paraguay’s key road widening works commencing
    April 17, 2019
    Widening work is planned for Route 2 and Route 7 in Paraguay. These highway stretches play important transport roles for the country, linking with capital Asuncion and also connecting the Eastern and Western borders of the country with neighbouring Argentina and Brazil. Construction work is due to commence in mid-2019, although the complete financing package for this PPP project has yet to be finalised. Funding of around US$500 million will be needed for the work, with the project being Paraguay’s first PPP
    Read More
  • Chinese contractor wins major Nigerian road project
    November 11, 2013
    A road construction contract worth US$1.07 billion has been awarded to China Railway Construction in Nigeria. The Ministry of Delta Affairs of Nigeria awarded the package of works for Section V of the A121 East-West highway to China Civil Engineering Construction, a division of China Railway Construction. The work is expected to take five years to complete and includes design as well as construction. When it is complete, the A121 will connect Nigeria’s two main North-South highways. Its route runs from the
    Read More
  • Road construction stimulus for Australia
    July 8, 2020
    A road construction stimulus package is planned for Australia.
    Read More

Highlighted Content