|
contents | business | |||||||||
| Arcour obtains financing of €625 million Arcour, concessionaire of the A19 motorway for a 65-year period and subsidiary of Vinci Concessions, just signed a financing contract worth €625 million with the European Investment Bank (EIB) and a group of arranging banks consisting of BBVA, Calyon, Fortis, ING and Royal Bank of Scotland. This transaction is to finance Arcour's investments for the design and build of the 101 km East-West motorway section linking Artenay to Courtenay in the south of the Greater Paris region. This is the largest motorway project currently underway in France, with the total cost of work estimated at almost €700 million. Operation of the motorway section will be delegated to Cofiroute, subsidiary of VINCI Concessions. The motorway is to open in the 3rd quarter 2009. write your comments about the article :: © 2008 Construction News :: home page |