The European-based technology group for construction services, Strabag, has initiated and led the first successful refinancing of an Irish motorway public-private partnership (PPP) project.
In a written statement, Strabag said that the N17/N18 project between Gort and Tuam “is benefiting from improved financial market conditions while still in the construction phase”.
Refinancing was successfully achieved on 27 May. Total private sector investment in this project amounts to €400 million. Strabag said