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

  • Golden opportunities in the MINT - Mexico, Indonesia, Nigeria, Turkey
    May 21, 2015
    Mexico, Indonesia, Nigeria, Turkey – Global Report offers up some food for thought about where smart money might be headed within the next several years – David Arminas writes China’s rate of growth may be slowing down, but other South East Asian companies are being quick to offer alternate investment opportunities, notably Indonesia. Nigeria, too, has had issues with security of investment. But there are signs that the government may be getting serious at last about tightening up rules and regulation
    Read More
  • Russia seeks outside investment in road building
    November 6, 2012
    The Russian road building industry is on the verge of big changes as it bids to improve quality and speed of construction says Eugene Gerden The Russian road building industry is on the verge of big changes as the national government considers creating conditions to attract foreign companies to build roads in the country. According to a recent order of President Vladimir Putin, due to poor quality and high cost of road construction, there is a need for the development of a mechanism to attract foreign compa
    Read More
  • Nationalisation plan for Madrid motorways
    July 2, 2012
    The Spanish Ministry of Development is considering nationalising the loss-making radial motorways in Madrid through state-owned company Seittsa. The plan would involve putting in place a toll-payment system to generate revenues to pay interests on debts and maintenance of the roads. The Ministry has already detected 600 locations where remote controlled payment systems could be installed in Madrid to charge those using the roads. The same plan includes a project to nationalise all motorways in Madrid at ris
    Read More
  • Tough time for tolls
    July 3, 2012
    Spain’s tough economic conditions have resulted in difficult times for the country’s private toll highway operators. A fall in revenue has combined with a tough financial situation to make it difficult to pay off debts. Spain’s Ministry of Public Works is offering potential help with a new viability plan for tolled highways. This would involve merging weak, loss-making highways with long concession contracts, with highways that are profitable. Several options meet this criteria but the sector considers the
    Read More

Highlighted Content