ACS and Ferrovial of Spain interested in U.S. road project

Spanish construction companies ACS and Ferrovial are both taking part in the tender of the US$1.3 billion Neon Project in the U.S. State of Nevada, through different consortia. Ferrovial is bidding for the project through its subsidiary Cintra Infraestructuras, while Ferrovial has formed a consortium with Fengate Capital Management and Star America Fund GP. The Neon Project involves the extension of a 5.95km road stretch in Las Vegas city, including a bridge and a high capacity lane. The contract is expe
October 25, 2013 Read time: 1 min
Spanish construction companies 917 ACS and 2717 Ferrovial are both taking part in the tender of the US$1.3 billion Neon Project in the U.S. State of Nevada, through different consortia. Ferrovial is bidding for the project through ITS subsidiary 930 Cintra Infraestructuras, while Ferrovial has formed a consortium with Fengate Capital Management and Star America Fund GP.

The Neon Project involves the extension of a 5.95km road stretch in Las Vegas city, including a bridge and a high capacity lane. The contract is expected to be awarded in November 2014, with works expected to end in 2019. Other companies showing an interest in the tender include 2378 Macquarie Capital in association with Las Vegas Paving, and French fund 7167 Meridiam together with Kiewit Development.
Highway & Network Management Road Structures

For more information on companies in this article

Related Content

  • Spain: 'spend more on maintenance'
    July 5, 2012
    Spain's road maintenance deficit has now reached €8.6 billion in the period since 2005, according to road maintenance companies. The industry has now asked the authorities to invest 2.5% of the roads value on maintenance to take up the shortfall. The companies include Imesapi and Dragados (ACS); Grupisa (Ferrovial); Acciona Mantenimiento de Infraestructuras (Acciona); Martinsa (FCC); Valoriza (Sacyr), and Elsan (OHL). This group says that the value of all the roads the Spanish government is responsible for
    Read More
  • Ferrovial completes Texas motorway works and bids for another key tender
    November 2, 2012
    The Spanish construction company Ferrovial has completed its US $ 1.40 billion (€1.08bn) works on the SH-130 motorway in Texas (US). The company is preparing a bid for further work in the US state by competing for the contract to build the IH-35 in Dallas while, at the same time, completing further works on two other key Texas road projects: the NTE (North Tarrant Express) Highway; and the Lyndon B. Johnson Freeway (Interstate 635).
    Read More
  • Spanish highway project to get EIB A-rated bond issue?
    April 20, 2012
    The European Investment Bank (EIB) is reported to be in talks with the sponsors of the A-66 Benavente-Zamora highway public private partnership (PPP) in Spain over a possible bond financing deal, which would see the Bank provide subordinated debt for an A-rated bond issue. The possible bond issue would be a further greenfield project to launch the European Union’s Project Bond 2020 initiative, with its initial pilot stage being managed by the EIB.
    Read More
  • Slovakia’s Cabinet to have final say on D4 Bratislava bypass
    February 9, 2016
    The government of Robert Fico has said it will decide the fate of the controversial €1 billion Bratislava bypass, the D4 motorway project, possibly ahead of a national parliamentary election next month. Fico, who also was prime minister from 2006-2010, was re-appointed after leading his Direction Social Democracy party (SMER-SD) to a landslide victory in the 2012 parliamentary election. His party won 83 seats and formed an absolute majority government, Slovakia’s first since 1989. Controversy continue
    Read More

Highlighted Content