Isolux Infrastructure starts operations of road concession in India

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Isolux Infrastructure starts operations of road concession in India

Isolux Corsan, through its subsidiary Isolux Infrastructure, has opened the Gujarat/ Maharashtra Border-Surat-Hazira Port Section of NH-6 to the traffic in India.

The projects consist of four-laning on design, build, finance, operate and transfer basis of the 133 km Gujarat/Maharashtra Border-Surat-Hazira Port section of NH-6 in the state of Gujarat. The concession period is 19 years.

Before it was opened to traffic on 19 August, the Spanish company executed the adaptation and widening of the road, increasing the highway from two lanes to four; in addition to the construction of the service roads on both sides of the road. The project also involves the execution of six railway crossings, four viaducts, 24 underpasses and 36 bridges, three of which longer than 60 metres.

The total project investment is estimated at €270 million (US$303 million).

The concession project for the operation of the NH-6 highway was awarded to the joint venture composed of Isolux Corsan and Soma Enterprise Limited, split evenly between the two companies.

Isolux Corsan has increased its activity in India in the last six years to now hold four highways under concession, with more than 700 km and an investment of more than €2 billion. In addition to the NH-6 highway, the company manages the NH-1 Panipat-Jalandhar (291 km), the NH-2 Varanasi-Aurangabad (192 km) and NH-8 Kishangarh-Ajmer-Beawar (94 km), all through the subsidiary Isolux Infrastructure.

Isolux Corsan recently reported negative results in H1 2015 and it is in financial trouble. Additionally, there are rumors that the company may not be paying suppliers in Spain.

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