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| FCC wins Austria's largest-ever public infrastructure contract  A consortium headed by Alpine Mayreder, FCC's Austrian subsidiary, has been awarded Austria's largest-ever public tender, to design, build, finance and operate (DBFO) Austria's first toll road concession for a period of 30 years. The project represents an investment of approximately 945 million euro and will be financed privately in its entirety. Approximately 800 million euro will be provided by a number of banks, including 350 million euro from the European Investment Bank. Deutsche Bank advised on structuring the finance.The project is a Y-shaped toll road 51 kilometres long; it includes building a first partial section of the A5 from Vienna towards the Czech Republic, between Eibesbrunn and Schrick, as well as extending Vienna's north-east ring road, off which the S1 and S2 high-speed roads will be built. Construction will take three years and the road will have two lanes each way on the ring road and three lanes each way on the toll roads. The Alpine Group operates worldwide in construction and industrial services. With projected revenues of approximately 2.2 billion euro in 2006 and a total staff of 9, 000, Alpine is Austria's second-largest construction company. write your comments about the article :: © 2006 Construction News :: home page |