Cintra has been recognized with the European Transport Deal of the Year Award for the Silvertown project. This award is presented to the most significant transportation project in Europe by the magazine “Project Finance International” (PFI). With it, the publication recognizes Cintra’s efforts in the Silvertown project bidding and adjudication.
The award ceremony held on February 5 at the Hilton hotel in London was attended by José Ángel Tamariz, Director of Europe and New Markets; Juan Ramón Pérez, Director of Ireland, the UK, and Slovakia; and John Hagan, CEO of the concession.
Riverlinx CEO John Hagan said that it is a great honor for the project to receive such a prestigious award which shows the financial innovation Cintra used along with the project’s other sponsors: Aberdeen Standard, BAM PPP, Macquarie Capital, and SK E &K, who have come together to deliver this hallmark project.
This is the fifth time Cintra has been awarded by this magazine. In 2017, it won the “European PPP Deal of the Year” award for the D4R7 motorway (Slovakia); in 2016, the Toowoomba Bypass (Australia) received the Road Deal of the Year award; in 2006, the refinancing of the Chicago Skyway (US) won the North American Deal of the Year award; and in 2003, the M4/M6 (Ireland) won the EMEA Infrastructure Deal of the Year award.
The Silvertown project entails the largest road investment in the last 30 years in east London. The design includes two twin tunnels that 1.4 kilometers long under the River Thames and access ramps that are 0.6 kilometers long. It will connect the south bank of the River Thames, from the access point at the Blackwall Tunnel, to the north, at the Tidal Basin roundabout in Silvertown, reducing traffic in this area of London.
PFI is the leading international magazine on project financing. It reports on all stages of an offer, from initial rumors to post-completion analysis. All project finance professionals rely on this magazine’s analyses to identify investment opportunities and keep tabs on their competitors.
Congratulations on this award!