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Cintra and Unicaja have closed a refinancing of the Ausol I and Ausol II toll roads in the Costa del Sol region of Spain. Ferroival subsidiary Cintra and Unicaja control both concessions on an 80:20 split, with the first concession ending in 2046 and the second in 2054.
Although originally financed separately, the roads connect to one another and have now been refinanced in one package. Ausol I runs for 22.5km between Malaga and Estepona, and Ausol II runs for 83km from Estepona and Guadiaro. Both roads are operated on a real toll basis, with former operational since 1999 and the latter since 2002.
The latest deal follows the last refinancing in...