Slovakia’s D4/R7 zero bypass of Bratislava has picked up the Best Transaction in Europe award given by the UK magazine Project Finance International.
The Ministry of Transport and Construction received the award in London in early February. The ministry said that the contract is notable for being the first whereby a project had combined funding from European Union investment and structural funds and the EU fund for strategic investment.
World Highways reported in January that construction will start early this year on 59km of highway as part of the D4/R7 project.
2717 Ferrovial through its subsidiaries 930 Cintra Infraestructuras and Ferrovial Agroman is leading the consortium on the public-private partnerships deal worth around €1.9 billion, according to media reports. Ferrovial reached financial close on the project in June, noting that their investment would be around €975 million.
The first stage of the project should be completed in 2020, with the second and final stage in 2021.
The project is being funded by the European Investment Bank (EIB), EBRD and the Slovak investment group Slovensky Investicny Holding. The state will make annual payments of nearly €53 million for 30 years to the operator of the motorway D4 and expressway R7.
The D4-R7 project comprises the construction of a new 27km of D4 highway, 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 32km radial highway – the R7 – which will have two or three lanes each way, running in a south-easterly direction from the city centre.
The Ministry of Transport and Construction received the award in London in early February. The ministry said that the contract is notable for being the first whereby a project had combined funding from European Union investment and structural funds and the EU fund for strategic investment.
World Highways reported in January that construction will start early this year on 59km of highway as part of the D4/R7 project.
The first stage of the project should be completed in 2020, with the second and final stage in 2021.
The project is being funded by the European Investment Bank (EIB), EBRD and the Slovak investment group Slovensky Investicny Holding. The state will make annual payments of nearly €53 million for 30 years to the operator of the motorway D4 and expressway R7.
The D4-R7 project comprises the construction of a new 27km of D4 highway, 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 32km radial highway – the R7 – which will have two or three lanes each way, running in a south-easterly direction from the city centre.
