transport

Barcelona-based Abertis to list its telecom division on the Stock Exchange in 2015

October 30, 2014 09:45 PM | ACN

Abertis, the international group which manages transport and telecommunications infrastructures, has announced it will list its telecom exchange business on the Stock Exchange in 2015. The Catalan company presented its new Strategic Plan for 2015-2017 to investors in London this week. The main objectives of the decision were to develop its business strategy, increase returns for shareholders and boost growth. The company currently owns 8,000 radio, television and mobile signal towers. Besides, Abertis presented its numbers for the first nine months of 2014 to the Spanish Stock Exchange Authority (CNMV), including a net profit of €560 million, an increase of 4.6%. The new Strategic Plan also envisages a dividend increase of 10% for its shareholders every year until 2017.  

BASF postpones its Tarragona intermodal station to 2017 due to Madrid's delay building the Mediterranean Corridor

July 21, 2014 08:58 PM | ACN

German chemical multinational BASF does not expect to launch its intermodal merchant station in Tarragona's petro-chemical compound until early 2017, two years after it initially forecast. The date of commissioning, as recognised by the company, is conditioned by the start of construction of the third rail connecting the railway line in Tarragona to the Mediterranean Railway Corridor (a strategic transport priority for the European Union), an infrastructure the Spanish Government keeps delaying. Although there is currently no start date for construction, BASF has set up the company ‘Combiterminal Catalonia SL’: a 'joint venture' with Contank SA, Hoyer España SA, and Schmidt Holding GmbH and Tradillo Inversiones SL (Pañalón Group) collaborating to build and operate the station.

Catalonia's infamous N-II road off limits to heavy load lorries after 17-year controversy

June 17, 2013 04:40 PM | Marina Presas

Poor road conditions and a high rate of traffic accidents have led the Catalan Government to approve a strict circulation restriction for four axle lorries throughout 90 kilometers (56 miles) of the N-II, a road linking Madrid with Barcelona and the French border, which has only one lane per direction. Although the measure is of temporary character, it has outraged roadside shopkeepers and lorry drivers, but neighbors from towns close to the highly-frequented road totally support it. According to the Catalan Ministry for Public Works, now is the moment for the widening project of the road drawn up by the Spanish Government in 1995 to be restarted after years of delay due to a lack of funding in order to improve road conditions for the main entrance road to Spain from France.