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| FCC and Sacyr Vallehermoso to build the M50 Highway in Dublin Ireland's National Roads Authority has selected the ICON consortium, which comprises FCC (45%), Sacyr Vallehermoso (45% through its infrastructure subsidiary, Itinere) and PJ Hegarty (10%), as Preliminary Preferred Tenderer to design, build, finance and manage the M50 ring road in Dublin, Ireland. The concession is for 35 years. Work is expected to commence in August 2007 and be completed early in 2011. The project includes 41 kilometres of the central roadway of Dublin's M50, between the junction with the M1, to the north of Dublin, and the southern junction with the N11. The M50 is the first concession obtained by FCC since 30 January 2007, when it and Caja Madrid grouped their infrastructure holdings into their newly-created joint venture, Global Vía Infraestructuras, S.A. The company's initial capital stock is 250 million euro and it has holdings in 35 infrastructure concessions, basically roads, commercial ports and marinas, metro and tram lines, and hospitals. write your comments about the article :: © 2007 Construction News :: home page |