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| Ferrovial sells its 50% stake in Autopista Trados 45 Cintra, Ferrovial's toll road subsidiary, reached an agreement to sell its 50% stake in Autopista Trados 45, S.A. to FINAVIAS, an investment vehicle for the infrastructure funds of AXA Private Equity. The sale totals 67 million euro. Autopista Trados 45 manages a 14.5-kilometer section of the M-45 highway in Madrid, between O'Donnell and the junction with the N-IV. It is a shadow toll road whose tolls and maximum payments from the Madrid regional government are inflation-indexed. This section of the road was inaugurated in March 2002 and the concession runs until 2029. In 2009, the concession company reported revenues of 26.6 million euro (+1.5%). Average Daily Traffic (ADT) on Trados 45 in 2009 was 60,669 vehicles. write your comments about the article :: © 2010 Construction News :: home page |