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| Cintra to build and operate its second toll road in Greece Cintra, a subsidiary of Grupo Ferrovial, has been selected by the Greek Government as provisional contractor to build, finance, operate, maintain and exploit the Central Greece Motorway (E65). The project is estimated to cost about 1.5 billion euro and the concession will run for 30 years. This will be Cintra's second toll road in Greece, where it has already bid for a third project and is short-listed for a fourth (those two projects represent a projected investment of close to 3 billion euro). In this project, Cintra is the leader (33.34%) of a consortium with ACS and Greek construction company GEK (33.33% each); Cintra will nominate the concession company's General Manager. The newly-built road will come into service in approximately 66 months. The road is expected to become operational by the end of 2009, when part of the road to be built by the Government will be transferred to the concession company. write your comments about the article :: © 2007 Construction News :: home page |