Sacyr and Fininc put into service the second section of the Pedemontana-Veneta highway (Italy)
- The project has a 78% advance rate.
The SIS consortium, consisting of 51% Fininc and 49% Sacyr, put yesterday into service the second section of the Pedemontana-Veneta highway by opening the Malo-Valdastico section.
With the opening of this second section, 12 kilometers of the main axis have already been put into operation. Malo-Valdastico gives continuity to the section that opened in 2019 between Breganze and the interconnection with the A31.
The concession company, Superstrada Pedemontana Veneta, is in charge of the design, construction, financing, operation and maintenance of the toll highway for a period of 39 years from the completion of construction.
A strategic asset
The Pedemontana-Veneta Highway is one of the most relevant infrastructures under construction in Italy and one of the main ones in Sacyr’s backlog, with an investment in the infrastructure of 2.600 billion euros.
The project requires the construction of 162 km: 94 km of which correspond to the main road that will connect 34 municipalities and the industrial area of Vicenza and Treviso; and 68 km will correspond to secondary roads. This road will have two tunnels: Malo Tunnel (6 km) and S. Urbano Tunnel (1.5 km) and eight viaducts. The degree of progress on the total planned investment is 57%.
The highway is part of the European TEN-T and is considered a strategic asset of national relevance as it is located between the existing A4 and A27 highways, crossing the Veneto Region, passing through the provinces of Vicenza and Treviso.
The initial estimate of daily traffic for the entire highway is 27,000 vehicles, of which 20% is expected to be heavy traffic.
The financing for the construction of the highway was made through the largest bond issue in Europe of a greenfield project worth 1.571 billion euros. This issue has been awarded with four prizes: 2017 Project Finance International Award in the best European operation category in the field of transport infrastructure; best European public-private project (PPP) at the 2017 Infrastructure Investor Awards; better European funding of a road project at the 2017 IJ Global Awards; and TFX's Transport Project Finance of the Year.
In its 30 years of activity, Sacyr has displayed its proven experience, technical and financial capacity, with a committed global investment of 27 billion euros.
The concessions company specializes in greenfield projects in which it carries out the design, financing, construction and asset management.
It currently as 46 assets distributed across ten countries (Spain, Portugal, Chile, Colombia, Italy, Ireland, Peru, Mexico, Paraguay and Uruguay) which include: highways (3,600 kilometers) and hospitals (more than 2,500 beds), airports, transport hubs and other assets.