The Council of Ministers in Spain has issued a ministerial order through the Ministry of Development to modify certain terms in the administrative concession for the construction and operation of the Malaga-AP-46 highway project, Alto section of Las Pedrizas-Málaga, granted by Ministry of Public Works in 2006.
The issued order will allow the concession company for the project, Autopista del Guadalmedina, CESA (Guadalcesa), to expand the highway with the construction of two new link roads. One will connect with the MA-3404 road, in Casabermeja, and another with the MA-20 road in Malaga (the latter also includes the integration in the concession of a section of the A-7 motorway). The plans will create a direct connection between the AP-46 and the corridor of the MA-3404 highway.
The expansion project will increase the tariffs imposed by the concessionaire to compensate for the concession terms. The rate increase will be implemented as part of the modification of the number of days per year in which the high season rate may be applied, which will go from the current 139 to a maximum of 250 days at the year, and another part by an increment of one per 100 cumulative annual during a period of fourteen years.
Ardian hired investment banks Mediobanca and AZ Capital to sell its 49.9% stake in Catalonian tunnels concession. The 25-year concession in talks includes management of the Vallvidrera Tunnels and Cad...
Read moreAbertis, via its subsidiary Abertis Telecom Satélites, has reached an agreement with Red Eléctrica Corporación to sell its 89.7% stake in Hispasat for EUR949 million (US$1.07 bill...
Read moreDIF has announced that it has closed the acquisition of a 100% interest in a concession to construct, maintain and operate the non-medical services of Infanta Leonor Hospital, located in the Vall...
Read moreThe Franklin Templeton Social Infrastructure Fund (FTSIF), an open-ended real estate-oriented social impact infrastructure fund managed by Franklin Real Asset Advisors (FRAA), has made its first inves...
Read moreThe Transport Infrastructure Investment Company (TIIC)'s Fund II is in the process of acquiring a 13.4% stake in a SEM Los Tranvías de Zaragoza S.A., concessionaire of a light-rail system in Za...
Read more