Italian Economic Diplomacy 03 May: breaking news from around the world
2021-05-03
BRAZIL - ECORODOVIAS (GAVIO GROUP) WINS AN IMPORTANT MOTORWAY CONCESSION
The ECO-153 Consortium, set up by the Gavio Group’s company Ecorodovias and GLP X, has won the tender for a 35-year motorway concession in the state of Goias. The tender, promoted by the National Land Transport Agency (ANTT) and the Ministry of Infrastructure, concerns an 850 km long motorway system from Anapolis in Goias to Alianca in Tocantins.
According to the press release issued by Ecorodovias, the contract is consistent with the Group s strategy to focus on its toll motorway concession business, strengthening its commitment to the sustainable growth of Brazil’s infrastructure. Considerable benefits are expected from the investment, which also includes the construction of a photovoltaic plant to supply energy, a modern WiFi road safety programme along the entire stretch, for communication between users and the customer
Transurban CEO Scott Charlton charges ahead
The Transurban CEO is expected to pitch a big pipeline of projects when he meets virtually with investors on Monday and introduces his new executive team.
The NorthConnex toll road in Sydney has boosted Transurban’s traffic flows.
Peter Rae
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Transurban chief executive Scott Charlton won’t let a global pandemic get him down.
When he shows off Transurban’s new executive team at the toll road group’s annual investor day, which will be entirely virtual, he is expected to tell shareholders that the company will keep chasing big deals globally.
It will be shareholders’ first chance to hear from new team members including chief financial officer Michelle Jablko; head of delivery and risk Hugh Wehby; technology chief Simon Moorfield; and North America president Pierce Coffee.
Transurban, Macquarie win $5b US road project
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Transurban chief executive Scott Charlton said he was confident the US would recover from the global pandemic after the roads group and its partner Macquarie Infrastructure were named the preferred developers of a new $5 billion tollroad project in the state of Maryland.
“The pandemic is obviously something we need to deal with but eventually we’ll get through it and the long-term prospects of that region are very attractive,” Mr Charlton told
The Australian Financial Review.
Accelerate Maryland Partners, which is owned 60 per cent by Transurban and 40 per cent by Macquarie, has been selected by Maryland to develop a new tollroad project, which is known as the American Legion Bridge I-270 to I-70 Relief Plan.
Maryland DOT Weighs Three Proposals for Major P3
American Legion Bridge (WUSA9 via YouTube)
The Maryland Department of Transportation has received three proposals from teams composed of private sector firms interested in becoming the developer for major interstate improvement work.
Specifically, the firms are vying for responsibility to oversee predevelopment work on the American Legion Bridge and Interstate 270. The American Legion Bridge carries Interstate 495, known as the Capital Beltway, over the Potomac River between Montgomery County and Fairfax County, Va. I-270 is an auxiliary interstate linking I-495 in Montgomery County and I-70 in Frederick, Md.
MDOT’s plans include constructing a new American Legion Bridge and developing options for reducing traffic congestion along I-270. The projects are part of MDOT’s I-495 and I-270 Public-Private Partnership Program.
Transurban kicks off 2021 with US toll road bid
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Transurban is pushing ahead with new US road deals, submitting a final pitch for a $14 billion project as the toll road group chases international growth despite the worsening global pandemic which has kept people working from home.
Transurban and partner Macquarie Infrastructure are among three consortiums in the final shortlist to rebuild and expand the 10-lane American Legion Bridge, which opened in 1962 across the Potomac River between Maryland and Virginia. They aim to add new tolled express lanes if federal environmental approvals are received.
Transurban wants to add express tolled lanes to the American Legion Bridge between Maryland and Virginia.