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

  • Quebec to build new Mercier Bridge for Montreal city
    May 12, 2017
    The Canadian province of Quebec plans to build a US$219 million bridge across the St Lawrence River alongside the existing Mercier Bridge in the city of Montreal. Provincial government cabinet ministers Pierre Moreau and Geoff Kelley confirmed that a new bridge is forthcoming, but gave schedule for procurement or construction start, according to local media. However, Moreau said the work will begin probably before the new Champlain Bridge is finished at the start of 2019. Construction of the new Champlain B
    Read More
  • Chilean highway project faces questions
    February 14, 2012
    The plans for Chile's new Vespucio Oriente highway are under a question mark at present. The Chilean Construction Chamber (CChC) and the association of concession-holders (COPSA) have raised concerns over the plans by the country's government to press ahead with the construction of the 13km Vespucio Oriente highway in capital Santiago.
    Read More
  • Expectations for growth of UAE infrastucture
    February 9, 2012
    The INTERMAT Middle East event is being launched at a pivotal time of major infrastructure development in the region. As with most sectors, the highways industry has not had a fantastic 18 months in the Gulf. Not only has the recession impacted the delivery of projects across the board, GCC Governments' attention have been switching increasingly to rail, as plans to roll out a Gulf-wide rail system gather steam. GCC countries will invest over US$119.6 billion in infrastructure projects over the next decade
    Read More
  • Motorway upgrades for Galicia, including A-55
    May 27, 2024
    Oscar Puente, Spain's minister of transport and sustainable mobility, made the announcement, saying it will help the Trans-European Transport Network.
    Read More

Highlighted Content