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 05/20/2009 Completion of TP Ferro works (Spain/France)

Visit of the ACS and Eiffage Presidents to the new high-speed line between Figueras and Perpignan

On completion of the works of the new high-speed rail line between Figueras and Perpignan last February 17, the concession for which is held by the company TP Ferro Concesionaria, 50% owned by Iridium Concesiones and companies of the ACS Group, and in the absence of an official inauguration, the presidents of the ACS and Eiffage groups visited the finished infrastructure last May 20 for the purpose of inspecting the work carried out.

The project consists of the public works concession contract for the construction, operation and maintenance of a high-speed rail line, carrying mixed traffic (passengers and goods) and with a double track between Figueras and Perpignan, including the construction of the Perthus tunnel, as well as the construction of the facilities, equipment and connections with the railway systems of Spain and France that are necessary.

With a length of 44.5 kilometers, its partial opening is planned for summer 2010. The project investment for a value of 1148 million euros has a grant of Euro 678 million and the project financing, amounting to Euro 410 million, has been awarded the following prizes:
The Euromoney magazine granted the prize for the best financing in the year 2005 for a transport infrastructure project - Project Finance Deal of the Year.
The Project Finance magazine granted the prize for the best financing in the year 2005 for a railway transport project - EMEA Transport / Rail Deal of the Year.
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