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

  • Deutsche Bank and Akbank among banks to fund Gebze-Izmir motorway
    March 19, 2015
    A final financing agreement for Turkey's 421km Gebze-Izmir motorway project will be signed by nine banks, eight of which will be Turkish, in April. The agreement will be for around US$4.73 billion of the deal likely to cost in total more than $6 billion and which is the country’s largest public-private partnership project. The banks are Deutsche Bank and Turkish banks Akbank, Garanti Bankasi, Finansbank, Is Bankasi, Halkbank, Ziraat Bankasi, Yapi Kredi and Vakfbank. Work has been going on since 2010 for the
    Read More
  • Seven bids submitted for Croatia’s Peljeski bridge access roads
    June 18, 2018
    Croatia’s construction company Integral Inzinjering has submitted the lowest bid of €43 million for construction of access roads for the Peljeski bridge project. Croatian daily newspaper Vecernji List reported that seven bidsd were submitted for the 12.4km project. Highest bid of €88 million has come from China Road and Bridge Corporation, which has the contract to build the bridge. Austria's Strabag offered €65 million. Other bidders were France's Colas, Croatia's GP Krk in cooperation with the Bosni
    Read More
  • SMOPYC construction machinery event for Spain
    October 30, 2013
    The organisers of the International Show of Public Works, Construction and Mining Machinery (SMOPYC) are planning the 16th show from 1-5 April 2014 at the Zaragoza Exhibition Centre in Spain. José Antonio Vicente, director of Zaragoza Exhibition Centre is an authority in trade show circles as well as chairing the Spanish trade show association (AFE and also has expertise in public works machinery. He commented that an economic recovery is now being discussed in many arenas, although the construction industr
    Read More
  • Studies of traffic flow highlight congestion centres
    June 29, 2012
    Research has revealed that traffic congestion in Belgium is worse than in other parts of Europe and North America. The ranking covers all North American and European countries. The study shows that Belgian capital Brussels and the Belgian city of Antwerp have severe congestion problems. Milan in northern Italy is the other European city suffering severe traffic congestion according to the research. In Brussels and Antwerp drivers face an average annual loss of 72 and 71 hours, respectively, in traffic jams.
    Read More

Highlighted Content