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| FCC and Caja Madrid Will Run The Metro to Barajas Airport The Community of Madrid has awarded the consortium formed by FCC and Caja Madrid the concession to build and operate the extension of line 8 of Metro de Madrid from the Barajas underground station to the new intermodal transfer facility at Terminal T-4 of the Madrid airport. The concession will be for a twenty-year period, which includes construction. The forecast investment in this project comes to over 50 million euros. The project consists in 2.5 kilometres of tunnel, 1.6 kilometres of which will be drilled with a tunnelling machine from the current cul-de-sac station at the town of Barajas to the new combined railway/metro station at the airport's new terminal area. FCC and Caja Madrid will create a concessionaire company to carry out the investments. The necessary financing will be covered entirely with equity. Construction will last seven months and is therefore anticipated to finish in February 2007. write your comments about the article :: © 2006 Construction News :: home page |