• Infrastructures

A3, we improve connections between Naples and Salerno (Italy)

This highway connects the Vesuvius coast with the ports of Naples and Salerno and with the rest of the highways in the region
  • Italy

Sacyr Concesiones

23/06/2022

The A3 highway is a very relevant road in the south of Naples, since it connects the Vesuvius coast along 52 kilometers passing through Naples, Pompei, and Salerno.

The SIS consortium (Sacyr, 49%; Fininc, 51%) is in charge of the operation and maintenance of this brownfield project for a 25-year term, over which we are to perform construction works to modernize and improve the safety of several sections of the highway for €390 million.

The concession of the highway, for a period of 25 years, has an expected portfolio of €2.7 billion. The project has a limited demand risk, thanks to a mechanism that offsets variations in traffic revenue through rates.

The highway has an average daily traffic (ADT) rate of nearly 90,000 vehicles and an annual total of 1.69 million vehicles per kilometer (vehicles-kilometers traveled).

Financing

This investment was financed with a €518 million bond with maturity in 2045. The operation received a BBB rating by rating agency Fitch. To finance this P3 project, the consortium also has a bank loan for €90 million subscribed with Banco BPM.

52

KILOMETERS

long 

25

YEARS

Concession term

390

€ MILLION

Investment

  • Italy

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