M8 M73 M74 DBFO, Scotland
Sector: Commercial • Location: Scotland
Source: Ferrovial
Ferrovial Business Lines Projects M8 M73 M74 DBFO Scotland, UK Scottish Roads Partnership £337.5M Investment 28.6km Of length 2014-2047 Concession period 2019 Opening date A public-private partnership completed the Central Scotland highway network between the country's two main cities, Glasgow and Edinburgh. The section of the A8 between Baillieston and Newhouse was converted into a multi-lane h
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Status
Original status | Close |
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Description
Description | Ferrovial Business Lines Projects M8 M73 M74 DBFO Scotland, UK Scottish Roads Partnership £337.5M Investment 28.6km Of length 2014-2047 Concession period 2019 Opening date A public-private partnership completed the Central Scotland highway network between the country's two main cities, Glasgow and Edinburgh. The section of the A8 between Baillieston and Newhouse was converted into a multi-lane highway. The Raith Interchange was also upgraded, as well as various sections of the M8. Milestones The M8 Scottish Highways improvements project was awarded to the Scottish Roads Partnership (SRP) consortium in August 2013. The commercial and financial deal was closed in February 2014. Construction finished in 2019. Project Plannig 28.6 kilometres of highway involved: 12.4 kilometres of new construction and 16.2 kilometres of upgraded existing roadways. The concession period will be thirty-three (33) years from the signature of the Contract. This is an availability payment project and therefore payments to the concessionaire are pegged to the level of service. Local development Cintra thus becomes a key developer on the Scottish market. The Company mitigated the congestion in the area and boosted local development through the creation of nearly 1,000 jobs during the construction phase. |
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Original Currency | USD |
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Source
Source reliability | Medium |
Data quality score | 100% |
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