Spain’s A21 motorway gets €182m of financial help

Autovía del Pirineo has secured €182 million for the construction and operation of several sections of the A21 motorway in Spain’s northern Navarre region. Autovía del Pirineo is a subsidiary of Iridium Concesiones de Infraestructuras and a member of the ACS Group. International law firm Watson Farley & Williams said that it had advised a syndicate of banks and other European institutional funders on the procurement of senior debt facilities worth €182 million for Pirineo.
September 22, 2017 Read time: 2 mins

Autovía del Pirineo has secured €182 million for the construction and operation of several sections of the A21 motorway in Spain’s northern Navarre region.

Autovía del Pirineo is a subsidiary of 3933 Iridium Concesiones de Infraestructuras and a member of the 917 ACS Group.

International law firm Watson Farley & Williams said that it had advised a syndicate of banks and other European institutional funders on the procurement of senior debt facilities worth €182 million for Pirineo.

The debt is spread over 20 years, according to the law firm.

Spain is launching a new Spanish road building programme and retendering assets currently in operation or recovering projects left uncompleted due to the last financial crisis.

The first section of the A21 was opened in 2006. The planned route of the 110km motorway is from Jaca in Aragon to Pamplona in Navarre. It follows or is an upgrade of the N240 and will link the Autovía A15 east of Pamplona with the Autovía A23 at Jaca to provide access to the southern Pyrenees and the mountain pass from France to Zaragoza in Spain.

Finance & Funding

For more information on companies in this article

Related Content

  • Serbian bridge to go ahead
    July 3, 2012
    DELAYS are facing construction work on Serbia’s Corridor 10 highway project. The country’s present administration has explained that the previous government left debts of €300 million and that many planned projects had been left uncompleted, with only the draft of the Serbian Urban Plan being finished. The Dimitrovgrad Ring Road is opening to traffic but other links are delayed or well behind schedule. Meanwhile a €170 million deal for construction of the Zemun-Borca Bridge has been signed with Chinese comp
    Read More
  • Serbia inks two road deals with China at 16plus1 summit
    April 23, 2019
    Serbia said it signed two road construction agreements with China during the 16plus1 Summit in Dubrovnik, Croatia earlier this month. The two deals are for construction of the Pozega-Boljare and Novi Beograd-Surcin road routes. The Pozega-Boljare project alone is worth €2 billion and will be financed from the existing loan from the Exim Bank, according to media reports. China’s east-west Belt and Road Initiative was the focus of the annual 16plus1 Summit that brought together leaders from Beijing plus
    Read More
  • Republic of Ireland’s N25 New Ross Bypass achieves financial close
    March 3, 2016
    The €230 million N25 New Ross Bypass public-private partnership (PPP) project in County Wexford, Republic of Ireland has reached financial close. Mott MacDonald is technical advisor on the public-private partnership, awarded by the National Roads Authority, otherwise known as Transport Infrastructure Ireland. Work will be carried out by BAM Ireland and Dragados, a construction division of ACS Group, based in Spain. The scheme involves construction of 13.6km of dual carriageway and 1.2km of new or u
    Read More
  • Toll-tale market strength for leading tolling manufacturers
    May 22, 2014
    New major highway tolling solution supply contracts and the launch of cutting-edge tolling products have invigorated the global tolling technology market in the first half of 2014, as Guy Woodford reports Kapsch TrafficCom has been selected by North Tarrant Express (NTE) Mobility Partners LLC to provide the toll collection, intelligent transport and network communication systems for the NTE extension project in the US state of Texas. The NTE extension is approximately 16km long, and runs along I-35W north o
    Read More

Highlighted Content