FCC, one of Spain's leading construction companies, leads the consortium that will build, operate, and maintain the project, a 70.3km shadow toll road that will link the cities of Pamplona and Logroño.
Alberto Ramos, XLCA-UK Managing Director and head of the Global Infrastructure group, said, "XLCA-UK is pleased to have been chosen by FCC for this project, which will serve as a key transport corridor between the capitals of the economically important regions of Navarra and La Rioja. We look forward to building a long-term relationship with FCC and the EIB."
XLCA-UK, licensed by the Financial Services Authority, is a wholly owned subsidiary of XL Capital Group Assurance Inc. (XLCA). XLCA, rated triple-A by Moody's Investors Service, Standard & Poor's Ratings Services, and Fitch Ratings, specializes in global infrastructure, consumer and commercial asset securitization; structured investment products; U.S. public finance; and structured risk, which comprises power & utilities, future flow securitization, deposit insurance, and whole business securitization. XLCA is an indirect, wholly owned subsidiary of XL Capital Ltd (NYSE: XL), which, through its operating subsidiaries, is a leading provider of insurance and reinsurance coverages and financial products to industrial, commercial and professional service firms, insurance companies and other enterprises on a worldwide basis.
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