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

  • Slovakia: D4/R7 Bratislava bypass work to start early this year
    January 10, 2017
    Construction will start early this year on 59km of highway as part of the D4/R7 bypass of the Slovakian capital Bratislava. Ferrovial through its subsidiaries Cintra Infraestructuras and Ferrovial Agroman is leading the consortium on the public-private partnerships deal worth around €1.9 billion, according to media reports. Ferrovial reached financial close on the project in June, noting that their investment would be around €975 million. The first stage of the design, build, financing, operate and ma
    Read More
  • Pūhoi-to-Warkworth opening in 2022
    August 5, 2020
    The 18.5km route near Auckland, New Zealand, was to open by the end of 2021.
    Read More
  • Salini Impregilo morphs into Webuild
    May 19, 2020
    The name of a major player on the international construction scene has changed.
    Read More
  • Riyadh’s transport infrastructure upgrade programme
    August 29, 2013
    IRF chairman and mayor of Riyadh, Eng Abdullah A Almogbel, discusses the city’s massive infrastructure investment and the pressing need for this development work Saudi Arabian capital Riyadh is fast growing with a pressing need for additional transport infrastructure resulting in a massive investment programme. The oil industry has fuelled Riyadh’s rapid expansion from being a medium sized town just 100 years ago, to its status as a major city today. With the explosion in vehicle use during the 20th ce
    Read More

Highlighted Content