Rajoy Invests Five Billion Euro into New Public-Private Road Building Programme

Spain is set to launch a five-billion-euro public-private investment road building programme, according to Prime Minister Mariano Rajoy.

It will be the country’s biggest roads spending plan since the end of the economic slump four years ago, where, prior to 2013, Spain slashed infrastructure spending due to the double-dip recession triggered by a property and construction crash in 2008.

Where the roads will be built and what kind of impact it will have on the Valencia and Murcia regions has yet to be determined, with demands from local business leaders for the CV-95 between Orihuela and Torrevieja to become a dual-carriageway, as well as the current impasse over the upgrade of the N-332 around Torrevieja.

“We’re in a position to boost our infrastructure,” Rajoy told reporters.

The programme will involve investment on two thousand kilometres of roads around Spain over the next three years – including to complete unfinished highways – and the tenders will be put out with 30-year maintenance contracts. The plan will create around 190,000 jobs overall, Rajoy claimed.