Spain’s Castilla-La Mancha government lays out 12-year road plan

Spain’s Castilla-La Mancha government lays out 12-year road plan Spain’s regional government of Castilla-La Mancha will spend around US$282 million on new road infrastructure as part of a major 12-year highways strategy. Castilla-La Mancha approved the Third Regional Roads Plan this month which envisaged spending upwards of $1.6 billion in the 12 years. The plan will be reviewed every four years. The landlocked autonomous region of Castilla-La Mancha lies mostly southeast of Madrid and includes
November 17, 2014 Read time: 2 mins
Spain’s Castilla-La Mancha government lays out 12-year road plan

Spain’s regional government of Castilla-La Mancha will spend around US$282 million on new road infrastructure as part of a major 12-year highways strategy.

Castilla-La Mancha approved the Third Regional Roads Plan this month which envisaged spending upwards of $1.6 billion in the 12 years.

The plan will be reviewed every four years.

The landlocked autonomous region of Castilla-La Mancha lies mostly southeast of Madrid and includes one of the Iberian peninsula’s largest windswept plateaux.

September last year, Castilla-La Mancha’s Department of Development issued a tender for planning and construction of a motorway to link the towns of Toledo and Ciudad Real.

Potential bidders had 12 months to present a proposal for the project believed to worth around $188,600.  State-owned company Ineco will complete project planning, while the government of Castilla-La Mancha and the Ministry of will Development will be responsible for construction of the highway.
Finance & Funding

Related Content

  • Spanish highway project to get EIB A-rated bond issue?
    April 20, 2012
    The European Investment Bank (EIB) is reported to be in talks with the sponsors of the A-66 Benavente-Zamora highway public private partnership (PPP) in Spain over a possible bond financing deal, which would see the Bank provide subordinated debt for an A-rated bond issue. The possible bond issue would be a further greenfield project to launch the European Union’s Project Bond 2020 initiative, with its initial pilot stage being managed by the EIB.
    Read More
  • Spanish government to launch state-owned motorway operator?
    March 24, 2014
    The Spanish government may launch a state-owned motorway operator as part of a plan to solve the economic difficulties that nine operators are currently undergoing. As part of the plan, the operators' will see their debt to banks reduced from €3.6 billion. A further solution, which is also being considered by the government, is to dissolve financially challenged operators in an orderly fashion. At present, the operators and the government are in negotiation over a possible solution.
    Read More
  • Spain: 'spend more on maintenance'
    July 5, 2012
    Spain's road maintenance deficit has now reached €8.6 billion in the period since 2005, according to road maintenance companies. The industry has now asked the authorities to invest 2.5% of the roads value on maintenance to take up the shortfall. The companies include Imesapi and Dragados (ACS); Grupisa (Ferrovial); Acciona Mantenimiento de Infraestructuras (Acciona); Martinsa (FCC); Valoriza (Sacyr), and Elsan (OHL). This group says that the value of all the roads the Spanish government is responsible for
    Read More
  • Spanish highways'€1.21 billion boost
    July 12, 2012
    In Spain the authorities in the Castilla y Leon region are planning to invest €1.21 billion in the construction of 15 highways up until 2020. As part of the project, procedures for building six of the highways should be put in place before the end of 2009. Some €104 million will be invested in 41km Leon-La Baneza highway; €142 million will be spent on two further motorways between Palencia and Paredes de Nava, and Palencia and Carrion de los Condes; a further project includes the last stretch of Segovia's r
    Read More

Highlighted Content