- The investment is worth 453 million euro.
- A shadow toll road system will be put in place.
The Madrid Regional Government has awarded the contract to build, finance and operate the new M-404 toll road to a consortium comprising FCC and Caja Madrid (50% each). The investment is worth 453 million euro.
The road, under a 30-year shadow toll concession, will be built in 18 months. FCC Construcción is solely responsible for constructing, operating and maintaining the toll road.
The road forms part of the regional government's ambitious REDSUR Transport and Infrastructure project.
The 27-kilometre dual carriageway will connect the M-407 in Griñon to the M-307 in Ciempozuelos.
The widened M-404 will improve communications and road safety in the towns of southern Madrid, such as Serranillos, Griñon, Cubas de la Sagra, Torrejón de la Calzada, Torrejón de Velasco, Valdemoro and Ciempozuelos.
The goal of the project is to increase traffic capacity, eliminate black spots and at-grade intersections, and turn the road into a backbone for the southern Madrid region, since it connects the A-42 Toledo motorway with the A-IV Andalusia motorway, two of the main accesses to the city of Madrid. The objective is to equip one of the Madrid region's fastest-growing areas with powerful, modern infrastructure.
When completed, this project will strengthen Global Vía Infraestructuras, a consortium created by FCC and Caja Madrid (50% each) to manage projects of this type.
