.- Ferrovial, through subsidiary Cintra
Infraestructuras, has achieved financial closure of the Bratislava bypass
, in Slovakia, with a syndicate of eight financial institutions, including Instituto de Crédito Oficial (ICO), European Bank for Reconstruction and Development (EBRD) and European Investment Bank (EIB). The total projected investment is 975 million euro.
After bidding in February, the Cintra consortium was chosen as preferred bidder by Slovakia's Ministry of Transport
. Subsequently, commercial closure was achieved at the end of May.
project comprises the construction of a new 27 kilometre highway (D4
), with two lanes each way, between Jarovce and Raca, creating a beltway to the east of the city
and connecting the existing radial roads. The project also includes building a new 32-kilometre radial highway (R7
), with 2-3 lanes each way, running in a south-easterly direction from the city centre. This project will improve traffic conditions and facilitate journeys between countries in the region, which will boost the potential for economic development, job creation and the local supply chain.
This is Cintra's first project in Slovakia. Cintra is among the world’s leading private sector developers of transportation infrastructure in terms of the number of projects and the volume of investment. It currently manages over 2,100 kilometres of toll roads in 28 concessions in the Americas, Oceania and Europe. Cintra is the largest shareholder in the 407 ETR
concessionaire, in Ontario, Canada, with a stake of 43.23%.