Financial close of USD579.46 million achieved for highway PPP project in Italy
SIS consortium has issued a EUR518 million (US$579.46 million) bond to complete financing close for the concession of A3 (Naples-Pompei-Salerno) highway. SIS consortium made up of Sacyr (49%) and Fininc (51%), signed the contract for concession in 2021. JP Morgan and Santander acted as book-runners for the placement. Issued bonds will reach maturity in 2045 and has a BBB rating. The consortium has bank debt of EUR90 million (US$100 million) with Banco BPM.
The project has a concession period of 25 years and an expected backlog of EUR2.7 billion (US$3.02 billion). The PPP project involves a 52 km Autostrada A3 Napoli-Reggio Calabria motorway located in the south of Italy, which runs from Naples to Reggio Calabria via Salerno. SIS consortium will start execution of construction works for EUR390 million (US$436.27 million) to modernize and improve the safety of several sections of the highway and to carry out the operation and maintenance of the road.
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January 27, 2022
Tender issued for development of buildings PPP project in Italy
Metropolitan Venezia in Italy has launched a tender notice seeking a private partner to take over the management of government buildings located in the municipality of San Donà di Piave.
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August 02, 2021
Construction contract of USD462.7 million awarded for Highway PPP project in Italy
The Italian Ministry of Infrastructure and Transport has signed a 25-year concession contract for Italy’s A3 highway (Naples-Pompei-Salerno) with the SIS consortium.
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June 10, 2021
Final Close of USD3.65 billion achieved for European Infrastructure Fund
DWS has announced the final close of its third Pan European Infrastructure (PEIF III) fund achieving EUR3 billion (US$3.65 billion).
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July 09, 2020
7 Seas Med seeks concession for EUR 741m floating wind in Italy
Italian company 7 Seas Med Srl has filed a request to the Ministry of Infrastructure and Transport for the maritime state property concession for the installation of the 250 MW floating offshore wind project in the Strait of Sicily for a duration of 30 years.
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June 25, 2020
Tender notice for EUR585m Health and Science PPP in Italy
The regional government of Piedmont, Italy has launched a tender notice seeking a private partner for the construction and management concession for the City of Health and Science of Novara.
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