SIAC, Cintra scoop €600m road deal

SIAC Construction and Spanish infrastructure giant Cintra have landed the €600 million contract to build the controversial M3 motorway linking Dublin with the Meath towns of Navan and Kells, the National Roads Authority said yesterday.

Eurolink, the venture company set up by SIAC and Cintra, beat off competition from a consortium featuring toll road operator NTR, civil engineering group Ascon and Portuguese road specialist Dragados, for the project.

The contract will be formally awarded on completion of detailed talks between the National Roads Authority (NRA) and Eurolink, which are expected to take a number of months.