Funding speeds Italian project

Banks funding Italy's new Brescia-Bergamo-Milano (BreBeMi) highway are now giving access to the ?1.91 billion required to complete the work.
February 27, 2012 Read time: 1 min
Banks funding Italy's new Brescia-Bergamo-Milano (BreBeMi) highway are now giving access to the €1.91 billion required to complete the work. The project management company in control of the BreBeMi link says that the highway will open to traffic at the end of 2012 rather than mid 2013 was originally stated. Finance group 1473 Intesa Sanpaolo says that the BreBeMi highway will generate in excess of €10 billion and create 68,000 new jobs. 1473 Intesa Sanpaolo holds a 40% stake in BreBeMi. Meanwhile the tender for upgrades to the Sassari-Olbia section of highway in Sardinia is opening. The project is worth over €80 million.

For more information on companies in this article

Related Content

August 8, 2012

Construction underway on Italian highways with more planned

Two key highway projects in Italy are exhibiting good progress at present. Construction work on the new Brescia-Milan highway link is now more than 50% complete. The bridges crossing the Serio, Adda and Oglio rivers are 84% complete, while the underpasses and drainage is 49% ready. Service stations, surveying and foundation work is 40% complete while the remaining operations are 227% ready. Italian road construction firm Brebemi believes that the highway be will be complete and open to traffic by 31 Decembe
March 11, 2013

Italy has announced key project plans

Italy’s public road concession firm, ANAS, has signed an agreement with the region of Sardinia and the government for upgrade works on the Sassari-Olbia road worth a total €930.7 million.
February 7, 2012

Turkey's new highway

Work on Turkey's Istanbul-Izmir highway is now in planning. The US$1 billion project will include a radical suspended bridge, said to be one of the longest of its type.
boombox1

Highlighted Content

boombox2