Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Acciona bids for project to widen railway link to Slovenia’s deepwater port

Stock Markets Jan 22, 2020 08:56AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. Acciona bids for project to widen railway link to Slovenia’s deepwater port

By Clara-Laeila Laudette

MADRID (Reuters) - Spanish renewables and infrastructure firm Acciona (MC:ANA) has launched a joint bid for a hotly contested 1.2 billion euro ($1.33 billion) project to widen a key Slovenian railway link to its only deepwater port, a company spokesman said on Wednesday.

Acciona has teamed up with Italian counterpart Pizzarotti and Slovenian construction company Makro 5 Gradnje to put forward the proposal.

"We are still at the early stages of the bidding process, and it's a big project, which has received 29 other bids," said Alberte Gonzalez Patino, Acciona's communications director.

The project aims to build a second track on the 27-km-long (17-mile) railway linking the port of Koper to the town of Divaca, improving the port's connection to the wider European railway network and increasing freight capacity and volumes.

The government-funded infrastructure project will be one of the largest undertaken in Slovenia since an economic crisis in 2013.

The existing single track line between Divaca and Koper passes through rocky uneven terrain and introduces a bottleneck on two busy European rail corridors, Slovenia's infrastructure agency said in publicly-available documents.

"We will define which parts of the tender go to Acciona, which to Pizzarotti, and which to Makro 5 over the next three months," said Peter Smekar, commercial director for Makro 5 Gradnje. "We don't know what kind of works the project will involve yet - tunnels, galleries."

Acciona's shares were up 0.6% in early afternoon trade in Madrid, outperforming the broader Spanish market which was in the red.

Acciona bids for project to widen railway link to Slovenia’s deepwater port
 

Related Articles

Marketmind: Hoping for a calmer H2? Forget it
Marketmind: Hoping for a calmer H2? Forget it By Reuters - Jul 06, 2022

A look at the day ahead in markets from Saikat Chatterjee. Investors hoping the second half of the year would bring some relief after a bruising six months, may not be feeling...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email