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

  • Construction to start on Hungary’s revamped M4 project in 2016
    July 7, 2015
    The Hungarian government has announced that it will restart work on a new section of the M4 dual carriageway between Albertirsa and Ullo in 2016. Hungarian media reported that the government will invest around €192 million and no funding will come from the European Union, of which the country is a member. The two towns are around 25.5km apart, with Albertirsa closest to the capital Budapest at around 60km. The project should be finished some time in 2019, according to Hungarian media. The announcem
    Read More
  • ASECAP: maintenance mindshift turns spending into investment
    August 4, 2017
    With an estimated value of €8 trillion, the road infrastructure is probably the European Union’s largest single asset. It accounts for 83% of passenger journeys and more than 70% of freight movement. Despite this importance, global investment in roads - especially maintenance - has fallen, said Christophe Nicodeme, European Road Federation secretary general. There are grave consequences, noted Nicodeme in his opening keynote address to the recent Study and Information Days gathering, an annual event for mem
    Read More
  • Brazilian highway projects face funding issues
    December 10, 2014
    In Brazil financing issues have hit a number of transport projects in Minas Gerais state. The Banco do Brasil is holding back funds for planned work. As a result the state government of Minas Gerais has halted work on 32 construction projects. The Banco do Brasil has not provided the expected US$345.86 million for the work to be carried out. The finances were arranged by the central government through its funding programmes. The projects include a section of the MG-437 road between Sabara and Nova Lima. The
    Read More
  • Danube bridge takes shape
    February 10, 2012
    A new bridge over the River Danube between Bulgaria and Romania is expected to benefit to the economies of both nations. Krasimir Krastanov reports
    Read More

Highlighted Content