Work recommencing on stalled Portuguese tunnel

In Portugal work is restarting on the stalled Marao tunnel project. The Portuguese Government has assured financing from the EU to complete the necessary work for the 5.7km tunnel. The contractor working on the project originally hit financial problems, resulting in the work grinding to a halt and the Portuguese Government cancelling the contract with the original concession holder. The cost of the project has estimated at €204 million and the EU may finance up to €200 million of this. The package of works
February 27, 2014 Read time: 1 min
In Portugal work is restarting on the stalled Marao tunnel project. The Portuguese Government has assured financing from the EU to complete the necessary work for the 5.7km tunnel. The contractor working on the project originally hit financial problems, resulting in the work grinding to a halt and the Portuguese Government cancelling the contract with the original concession holder. The cost of the project has estimated at €204 million and the EU may finance up to €200 million of this. The package of works necessary includes four contracts for the design and construction, two civil engineering contracts and one to implement a toll charging system. In addition the concession may imply an investment of €400 million for a 30 year concession package.
Road Structures Finance & Funding

Related Content

  • Highway 407 Revisited – smart tollroad extension
    June 7, 2016
    In the late 1990s, World Highways published a supplement on construction of Canada’s Highway 407, the world’s first all-electronic toll road. But how successful has it been? David Arminas reports from Toronto The head office for 407 ETR Concession Company is a low-rise building next to exit 59, just north of Toronto, Canada’s economic powerhouse. The building may be non-descript but inside is the advanced technical heart of Highway 407 ETR – Express Toll Route. It houses the latest toll monitoring techno
    Read More
  • Mumbai’s new coastal transport link
    July 6, 2022
    Mumbai’s new coastal road presents an ambitious and challenging project that will help improve the lives of the city’s inhabitants - Mike Woof writes
    Read More
  • Columbia kick-starts Antioquia project with Toyo tunnel financing
    January 6, 2015
    Columbia’s National Infrastructure Agency (ANI) will help finance construction of the Toyo tunnel in Antioquia. The tunnel, nearly 10km-long and costing almost US$760, will be part of a new 39km road between Santa Fe de Antioquia and Canasgordas. The central government will contribute $216 million towards the project, the regional government of Antioquia will contribute $337 million and the Medellin government will pitch in with $212 million.
    Read More
  • New US$200 million ring road to be built in Belarus capital Minsk
    May 23, 2014
    Minsk is to benefit from a new ring road that will cut city congestion - Eugene Gerden reports The government of Belarus is investing more than US$200 million in the building of a new ring road around the country’s capital Minsk, in accordance with a government decree. Implementation of the project is taking place as part of the existing large-scale state road building programme in the country until 2017, with the total cost estimated at US$5 billion. The new road will measure some 85km long and will feat
    Read More

Highlighted Content