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| Ferrovial consortium chosen for Bratislava beltway in Slovakia  Ferrovial, through subsidiary Cintra, heads the consortium chosen as Preferred Bidder by the Slovakia Ministry of Transport to design, build, finance, operate and maintain the beltway around Bratislava, for 1.01 billion euros. Other consortium members include Australian group Macquarie and Austrian construction company Porr.The design work is for the construction of a new 27 kilometre highway (two lanes each way) around Bratislava (D4), creating a beltway to the east of the city and a connection with existing radial roads. The project also involves building the new 32-kilometre R7 radial highway, with two-three lanes each way, running in a south-easterly direction from the city centre. The project will improve traffic conditions and facilitate journeys between countries in the region, which will boost the potential for economic development, job creation and the local supply chain. Cintra will develop this project, while design and construction will be carried out by a joint venture headed by Ferrovial Agroman with construction company Porr. Operation and maintenance will be handled by the concession company. This is Cintra's first project in Slovakia. The concession, based on availability payments, will run for 34 years; construction is expected to take 4 years. Financial closure is expected in the second quarter of 2016, once the public information phase has concluded and commercial closure has been reached. Cintra is one of the world's leading private sector developers of transportation infrastructure in terms of the number of projects and the volume of investment. It currently manages close to 2,000 kilometres of toll roads in 28 concessions in Canada, the US, Europe, Australia and Colombia. Cintra is the largest shareholder in the 407 ETR concessionaire, in Ontario, Canada, with a stake of 43.23%. write your comments about the article :: © 2016 Construction News :: home page |