Strabag investing in Irish motorway network

Construction group Strabag, as part of the DirectRoute consortium, will finance, plan, build and operate the 57 kilometre long section of the Irish N17/N18 motorway between Gort and Tuam near Galwayon behalf of National Roads of Ireland. The public-private partnership (PPP) project has a total private sector investment value of about US$459 million.
May 9, 2014 Read time: 1 min
RSSConstruction group 3861 Strabag, as part of the DirectRoute consortium, will finance, plan, build and operate the 57 kilometre long section of the Irish N17/N18 motorway between Gort and Tuam near Galwayon behalf of National Roads of Ireland. The public-private partnership (PPP) project has a total private sector investment value of about US$459 million.

Construction will begin in May 2014 and the motorway is to be opened to traffic in November 2017, marking the start of the 25-year operating period for this section, with Strabag’s share amounting to 50 per cent via its subsidiary A-Way Infrastructure Project Development and Operations.

On completion of the scheme, National Roads of Ireland will pay a fixed monthly ‘availability’ fee to the consortium.

Related Content

  • February 2, 2012
    Economic stimulus and investment in ITS solutions
    Scott Belcher, President and CEO of ITS America looks at the year ahead
    Read More
  • June 5, 2015
    Tolling is the 21st century’s road funding solution
    HNTB’s Rick Herrington and Brad Guilmino put the case for tolling. Tolling is becoming the 21st century solution of choice for generating additional user-based transportation revenue. The proven funding source is being seriously considered for expanded use by cities, states and even the federal government with support from elected officials across the political spectrum. In fact, with each federal transportation reauthorisation, tolling restrictions have been relaxed.
    Read More
  • December 15, 2014
    PPP helps speed Chicago’s transit fare upgrade
    David Crawford on a fast-tracked payment upgrade. This July saw the completion of the final stage of the implementation of Chicago’s new Ventra open fare payment system on the services of two of the region’s three transit providers, the Chicago Transit Authority (CTA) and regional bus operator Pace. Ventra has been introduced to accept any contactless general purpose payment card, including personal debit and credit cards.
    Read More
  • May 9, 2014
    Around 420 million connected cars expected on the road in 2018
    According to French think tank IDATE, there will be 420 million connected cars on the road by 2018, compared to 45 million in 2013, an annual growth of 57 per cent. IDATE attributes the development of the market to European safety regulations and manufacturers looking to identify new sources of revenue.
    Read More

Highlighted Content