A public-private partnership to complete the Central Scotland highway network between the country's two main cities, Glasgow and Edinburgh.
The section of the A8 between Baillieston and Newhouse will be converted into a multi-lane highway. The Raith Interchange will also be upgraded and various sections of the M8, M73 and M74 widened.
The M8, M73, M74 Motorway Improvements project was awarded to the Scottish Roads Partnership (SRP) consortium in August 2013. The commercial and financial deal was closed in February 2014. Construction is scheduled to finish in spring 2017.
28.6 kilometres of highway will be involved, 12.4 kilometres of new construction and 16.2 kilometres of upgraded existing roadways. The concession period will be thirty-three (33) years from the signature of the Contract. This is an availability payment project and therefore payments to the concessionaire are pegged to the level of service.
|Concessionaire||Scottish Roads Partnership|
|Equity structure||20% Cintra|
30% Scottish Widows Investment Partnership
|Duration of the concession||33 years|
|Purpose of the concession||Design, construction, funding and operation|
|Investment||517.4 M €|
|Jobs created||Approx. 200 direct jobs and more than 100 local commpanies during the construction phase.|
|Length of the highway||28.6 km|
|Number of lanes||2,3 and 4 lanes per direction 8depending on the selection)|
|Toll system||Availability payment|
|Payment methods accepted||N/A|