The European Investment Bank (EIB) has contributed EUR105 million (US$115 million), Italy's Cassa Depositi e Prestiti EUR92 million (US$101 million), and UniCredit EUR50 million (US$55 million) for modernization and safety work on the A32 motorway that connects northwest Italy and France via the Frejus tunnel.
Encompassing an 80km span of the road, the project entails enhancements to bridges, viaducts, and tunnels. Additionally, LED technology will be integrated into the lighting systems, and the incorporation of noise barriers is planned. This collective investment aims to establish a secure and dependable transit link between Italy and France, streamlining the transportation of both goods and individuals.
Country updates
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August 01, 2023
Tender launched for Gemonio-Cittiglio Milan-Varese-Laveno line project in Italy
FNM Group has launched a tender seeking developers for the Gemonio-Cittiglio Milan-Varese-Laveno line public-private partnership (PPP) project in Italy. The project involves the designing and constru...
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August 01, 2023
Contract awarded for Grand Paris Express project
VINCI Construction has announced that it wins the first design-build contract for the Grand Paris Express (section of Line 15 West) in France. The contract covers the first section of line...
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July 24, 2023
Eurazeo close of Smart City Fund II at US$450 million
Global investment firm Eurazeo has announced it has hit the final close of Smart City Fund II at EUR400 million (US$450 million), exceeding its EUR200 million initial target. Smart City Fund II, mana...
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July 14, 2023
Amethis Fund III reaches first close
Amethis and Edmond de Rothschild Private Equity have announced the first closing of Amethis Fund III at EUR140 million (US$156 million). The fund will invest with impact in mid-sized companies in the...
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July 14, 2023
Agreement announced to sell French market firm Grande-Combe to Idex
Eqtec PLC has agreed to sell its 95% interest in French market development center firm Grande-Combe SAS to Idex. Eqtec, a technology firm based in London, specializes in developing distributed and de...
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