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Globalvía wins a toll road concession in Portugal

27/11/2008

Globalvía wins a toll road concession in Portugal

  • Investment will total over 700 million euro

Globalvía Infraestructuras, a company owned 50% each by FCC and Caja Madrid, has been awarded the contract by Estradas de Portugal for the Transmontana IP-4 toll road concession, between Vila Real and Bragança, for 30 years. This project is part of the European axis connecting Oporto with north-east Portugal, and will improve the connection between north-east Portugal and Spain.
 
Investment will total approximately 706.5 million euro;  Globalvía Infraestructuras will obtain revenue in part through a shadow toll and in part via an availability payment mechanism.  Globalvía participated in the tender together with Portuguese company Soares da Costa.
 
The project, which spans 194 kilometres, includes the construction of 32 kilometres of new road, widening on 106 kilometres, and 56 kilometres of already existing highway.
 
This new highway, which runs parallel to the IP-4's current corridor, is part of the new concession programme, consisting of 7 toll road packages totalling 1,500 km of highway and 3 billion euro in new investment, launched by the Portuguese government in 2008. The Auto-Estrada Transmontana concession is the first to be awarded.
 
An explicit free-flow toll system will be established on  the Vila Real and Braganca bypasses (14 km in total).The concession company will collect the tolls on behalf of the concession-granting authority.