STRABAG’s German highway assets increased

STRABAG has increased its stake in the A8 motorway operator PANSUEVIA. This share has been boosted from 50% to 100%. PANSUEVIA operates the autobahn stretch that runs between Ulm and Augsburg in the south of the country. SRABAG purchased the 50% stake in PANSUEVIA that was previously held by HOCHTIEF. As a result, STRABAG is now the 100% owner of the concession company operating the Ulm–Augsburg section of the A8 autobahn. Both parties agreed not to disclose the purchase price however. This section of the
October 4, 2018 Read time: 2 mins

945 STRABAG has increased its stake in the A8 motorway operator PANSUEVIA. This share has been boosted from 50% to 100%. PANSUEVIA operates the autobahn stretch that runs between Ulm and Augsburg in the south of the country.

SRABAG purchased the 50% stake in PANSUEVIA that was previously held by HOCHTIEF. As a result, STRABAG is now the 100% owner of the concession company operating the Ulm–Augsburg section of the A8 autobahn. Both parties agreed not to disclose the purchase price however.

This section of the A8 route is some 58km-long section and was opened to traffic on schedule in September 2015, having taken just over four years to build. PANSUEVIA had designed, financed and carried out the widening of the section to six lanes and took over the maintenance and operation of the section for a period of 30 years. Construction was carried out by a joint venture consisting of STRABAG Großprojekte, HOCHTIEF Infrastruktur and Ed Züblin AG. The refinancing was concluded successfully in June 2016.

Finance & Funding

For more information on companies in this article

Related Content

  • Galliford Try aims to downsize its construction business
    April 25, 2019
    UK construction and infrastructure business Galliford Try is reviewing its construction business with a view to downsizing. “The review will reduce the size of the construction business, focusing on its key strengths in markets and sectors with sustainable prospects for profitability and growth, where we have a track record of success,” the company said in a written statement. “The board anticipates that this review will result in reduced profitability in the current year reflecting a reassessment of
    Read More
  • Redevelopments at southern Polish airports
    August 21, 2013
    Rzeszów-Jasionka Airport in the south-east of Poland is now benefiting from a new taxiway constructed over a 50-month period and costing some €22.5 million. The work was required as the airport needs to increase capacity to cope with growing passenger traffic. The main portion of the project was for the construction of a 3km long taxiway, which lies parallel to the airport’s main runway. This taxiway now allows aircraft to manoeuvre away from the single runway and free up capacity for take-offs and land
    Read More
  • New Argentina highway construction work
    January 11, 2019
    Construction is underway for Argentina’s new Mendoza-San Juan Highway – Mauro Nogarin reports The rehabilitation and maintenance works of more than 3,300km of routes is now underway in Argentina. This followed on after the takeover of six new road corridors under the Public-Private Partnership (PPP) model, which took place in August 2018. The rehabilitation and maintenance works are being carried out prior to the start of the main projects, which will include the construction of highways. Building the
    Read More
  • Controversial Russian bridge opens
    August 10, 2018
    The first stage of a controversial Russian bridge project is now complete, with the link having been opened to use by cars and buses. The Kerch Strait bridge spans the Black Sea, connecting Russia’s Taman Peninsula in Krasnodar with Crimea, the latter having been controversially annexed by Russia from Ukraine in 2014. The official opening of the 19km-long bridge was carried out by Russia’s president, Vladimir Putin, who drove across the link in a Russian-manufactured Kamaz truck to reach the city of Kerch.
    Read More

Highlighted Content