Skip to main content

Rescued Spanish motorways generate income for Seittsa agency

The eight motorways taken over by the Spanish government management agency Seittsa generated nearly €37 million in profit last year, according to national media. Seittsa said the money will be used for maintenance of the formerly private motorways. Among the revenues collected was around €3.8 in tolls from vehicles on the M-12 connecting Madrid to the airport.
May 2, 2019 Read time: 1 min
The eight motorways taken over by the Spanish government management agency Seittsa generated nearly €37 million in profit last year, according to national media.


Seittsa said the money will be used for maintenance of the formerly private motorways.

Among the revenues collected was around €3.8 in tolls from vehicles on the M-12 connecting Madrid to the airport.

Related Content

  • Sourcing road financing for East Africa’s network expansion
    December 4, 2015
    East Africa’s ambitious road expansion programme is seeing the network expand significantly – Shem Oirere writes The East Africa countries of Kenya, Tanzania, Uganda and Rwanda have announced ambitious road sector expansion plans in the 2015/16 financial year. This is despite their national budgets being weighed down by huge deficits and persisting lack of capacity to spend resources allocated to the sector in previous years. With the huge budget deficits, the countries will have to look for alternati
  • Costa Rica: Conavi gets more time and funds for road maintenance
    October 26, 2015
    Costa Rica’s road agency Conavi has extended the deadline and increase funds by $154 million for road repair and maintenance contracts. Contracts will be extended for the companies involved which include Constructora Meco, Grupo Orosi, Quebradores del Sur, Constructora Hernan Solis and Conansa. The Treasury Inspector's Office made the announcement, according to El Pais newspaper. Meanwhile, four banks are considering an investment in the 60km San Jose-San Ramon Road Expansion Project. They include
  • FCC heads group that will build Toyo Tunnel in Colombia
    November 6, 2015
    Spanish environmental services, infrastructure and water group FCC has secured a €392 deal to design, build, operate and maintain the 10km Toyo Tunnel in Urabá Port, Colombia. The Government of Antioquia awarded the project to the consortium in which Madrid-based FCC has a 40% share and a group of local business people hold 60%. The tunnel is around 80km from Medellin, the capital of Colombia’s mountainous Antioquia province. The US$426 million contract is for 10 years, during which design and constru
  • Germany to cut red tape for bridge construction up to 2027
    October 5, 2017
    The German federal government has set aside €4.5 billion for refurbishment of 400 bridges in the state of North Rhine-Westphalia up to 2027. Hendrik Wüst, North Rhine-Westphalia transport minister, made the announcement which included around €200 million for road maintenance. The Federal German government also plans to fast-track planning for infrastructure projects. Bonuses to contractors for improved performance to reduce down-time on construction sites as well as the possibily of a six-day working