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

  • 50 Years of road engineering and scientific research
    February 8, 2012
    This year one of IRF's most prominent and active members in the Southern Hemisphere celebrates its 50th Anniversary. Dave Jones looks back over ARRB's first half century of achievement
    Read More
  • Champlain Bridge set to open by end of year, says SNC-Lavalin
    May 14, 2018
    The Canadian city’s replacement Champlain Bridge will open on schedule at the end of the year. Montreal, one of Canada’s largest cities, will have a well-earned Christmas present in December when the new Champlain Bridge opens after 42 months of construction. The new bridge, part of a six-lane 6km corridor including roads, is being built alongside the original bridge over the Saint Lawrence River and Seaway canal system. The new bridge, 3.4km long, runs from the île des Soeurs to Brossard, immediately dow
    Read More
  • Poland's A1 motorway progressing well
    February 9, 2012
    The second major phase of a north-south motorway in Poland is well underway. It will reduce congestion and improve safety as Patrick Smith reports Before the whistle blows to herald the start of Euro 2012, Poland's main seaport Gdansk will boast new roads, a new airport and a new stadium. The historic city in the north of the country on the Baltic coast will be one of the venues for football's 14th European Championship, being co-hosted by Poland and Ukraine.
    Read More
  • Santiago’s Autopista Central in line for improvements
    June 18, 2015
    Motorway operator Autopista Central de Chile (AC) has applied to the Ministry of Public Works to make improvements worth around US$340 million to the Autopista Central system in the capital Santiago. Improvements are scheduled for the Quilicura area. AC will present an environmental impact and engineering study this summer to the ministry. Much of the work will take place at night time to avoid traffic disruption. Autopista Central consists of two highways, the westernmost of which branches off from t
    Read More

Highlighted Content