Globalvia & Sacyr Concesiones win Dublin O&M contract in M50 area

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Globalvia & Sacyr Concesiones win Dublin O&M contract in M50 area

Globalvia and Sacyr have been awarded the contract for the operation, maintenance and renewal of all the toll-free motorway segments in the Greater Dublin area in Ireland. The contract has an initial 5-year term and can be extended for a further two years and has an amount of €35 million.

During the contract period, Globalvia and Sacyr will be responsible for providing winter maintenance, incident response, routine sacyr-concesiones-80maintenance and renewal works. In addition to the 161 km of motorway segments, the contract includes the operation, maintenance and renewal of another 109 km of slip roads and roundabouts.

Currently, Globalvia operates the M50 motorway from which all these motorway segments radiate, and also the M6 toll road from Galway to Ballinasloe in the West of Ireland. Although Sacyr Group, on 30 July 2013, announced the sale of a 45% stake in the M50 motorway to DIF Infrastructure III, a fund managed by DIF Infrastructure, InfraPPP believes that Sacyr  has still a stake in the operator of the road project.

Therefore this new contract will take advantage of numerous geographic synergies, which are essential for the profitability of any O&M road contract, between both contracts.

Globalvia said that this contract consolidates itself as the main operator of Ireland's busiest motorways, with segments that exceed traffic volumes of 100,000 vehicles per day.

PJ HEGARTY & SONS is the other shareholder of the M50 motorway.

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