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

  • NSW Australia investing in transport
    June 20, 2013
    Australia’s New South Wales (NSW) Government has outlined its massive transportation investment in the WestConnex project. This will be the largest urban transport project in the history of New South Wales. Some A$1.8 billion will be invested over four years from Restart NSW, the state’s new infrastructure fund. to finance the WestConnex project. And A$111 million will be committed in 2013-14 to get work underway on the 33km motorway. The NSW Government will fund the initial sections of the motorway. Privat
    Read More
  • Tanzania’s work on East Africa’s multi-national road project
    November 28, 2022
    Tanzania is kick-starting construction work on the missing link in East Africa's multinational road
    Read More
  • Denmark set to appoint preferred bidder for Fehmarnbelt link
    March 14, 2016
    The Danish political parties behind the Fehmarnbelt link have mandated Femern A/S to appoint preferred bidders for the main tunnel work in order to enter into conditional contracts no later than mid-May. Femern A/S is the Danish government-owned company managing the Fehmarn Belt immersed tunnel project between Denmark and Germany. The project was approved by the Danish parliament in April last year. It is supposed to be built, owned - apart from the German land works - and operated by Femern A/S, a su
    Read More
  • Latin America invests in infrastructure growth
    February 15, 2012
    Travelling in one of the world's most diverse regions is not always easy, but spectacular engineering feats will make life easier as Patrick Smith reports. Five years ago a report from the World Bank noted that infrastructure in most of Latin America and the Caribbean (LAC) had improved over the previous ten years.
    Read More

Highlighted Content