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

  • Cost increases for major Chilean highway project
    November 15, 2013
    The cost of Chile’s Vespucio Oriente highway project is increasing, while its completion also looks set to be delayed. A 13% budget increase is now required due to additional costs from a number of factors such as urban landscaping, according to Business News Americas. The Américo Vespucio Oriente (AVO) expressway is being built in Chilean capital Santiago and was originally expected to cost in the region of US$940 million. However Chile’s Public Works Ministry, MOP, has said that the route will now cost so
    Read More
  • New Midtown Tunnel open in Virginia
    January 30, 2017
    A project to construct the second Midtown Tunnel link in the US state of Virginia alongside the original connection has taken an important step forward – Mike Woof writes Commuters in the US state of Virginia will be pleased that the new Midtown Tunnel is now open to traffic, as it will help to boost capacity and cut congestion on the busy US 58 route connecting Norfolk and Portsmouth. The 1.13km tunnel link has been built to link with the interchange at Brambleton Avenue and Hampton Boulevard in Norfolk
    Read More
  • A6 project between Weinsberg and Wiesloch/Rauenberg set to start
    January 26, 2017
    Work will soon start on the €1.3 billion project to widen a stretch of the A6 motorway, one of Germany’s most congested highways. Both sides of the motorway between the Weinsberg and Wiesloch/Rauenberg junctions will be expanded. On 25 km of the section being expanded under the project – altogether 47.1 km – the number of lanes will be increased from four to six. The project also encompasses the construction of the 1.3km-long Neckartal Bridge. Preparatory work for the public-private partnership has
    Read More
  • Egypt’s road programme is now restarting
    February 20, 2014
    Egypt is developing its road network – local reporting and images by Egypt correspondent Mohammed Elsayed Tantawy. Egypt is now gearing up its road construction activity, with a view to reducing congestion and improving traffic flow. The country’s main highway connecting capital Cairo with the port city of Alexandria has already seen a major widening programme, but other important routes are also now being upgraded and improved. The road development programme started in earnest some years ago but was delaye
    Read More

Highlighted Content