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HomeLatest NewsSacyr and its partner Fininc are awarded another highway concession in Italy

Sacyr and its partner Fininc are awarded another highway concession in Italy

Date: February 23, 2024 Time: 13:16:46

Sacyr has been selected, together with its partner in Italy Fininc, as the provisional winner of a motorway concession in the Veneto region, northern Italy. The contract was valued at €200 million in 2010, but the figure will be updated in line with current costs.

Luca Zaia, president of Veneto, has announced the intention to award the contract to the SIS consortium, made up of 49% by Sacyr and 51% by Fininc, after a regional commission has evaluated the different offers proposed by potential contractors.

The new highway, intended to decongest tourist traffic in the area, will be known as ‘Via del Mare’, and will link the A-4 highway with Jesolo and Venice with the nearby coastal areas. The 18 kilometers to be built will pass through municipalities such as Roncade, Meolo, Musile di Piave and San Donà di Piave.

Three years of work

The decision does not imply the direct awarding of the concession to this consortium, but will have to go through other procedures for the result to be final, although it does assume that this offer was the best among all the proposals presented.

It is also known that the duration of the works will be three years, that each direction will have two lanes and that the payment model will be based on a ‘free flow’ system, that is, without barriers, so the user will not have to stop. to pay.

In the absence of confirmation of the award, an analysis by Sabadell assesses this operation positively, since it will mean the incorporation of a new concession asset in Italy for Sacyr, a market that represents more than 30% of the value of its portfolio.

This same week, the company was finally awarded the 12-year operation of a 3.7 billion euro highway, also in northern Italy (A21, A5, Turin Ring Road and the Turin-Pinerolo section), totaling 320 kilometers.

* This website provides news content gathered from various internet sources. It is crucial to understand that we are not responsible for the accuracy, completeness, or reliability of the information presented Read More

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.
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