A strategic operation that accelerates Meridiam's development in essential health, education and mobility services
Meridiam acquires a portfolio of eight transport, social and water projects spread across Spain from Acciona, a Spanish infrastructure company active in energy, water and services sectors. The value of the portfolio amounts to EUR 312m with an average remaining concession life of 18 years.
The Portfolio consists of 4 hospitals located in Madrid, Ibiza, Vigo and Toledo (3,350 hospital beds), 2 roads (125km long), The Barcelona Law School extension which serves 7,000 students and Canal de Navarra, one of the largest hydraulic infrastructures in the autonomous community of Navarra. The Canal comprises a 760 km irrigation system which has allowed more than 40 crop varieties to exist (i.e. corn, vineyard, sunflower, etc.) and plays an important role in the region’s economy.
This acquisition illustrates Meridiam commitment to invest and manage Infrastructure that provides essential services to communities in mobility and social infrastructure, two sectors at the heart of its development strategy. It also expands its footprint in sustainable infrastructure in Spain.
In the country, the firm already manages three independent motorway concessions : Ausol I and Ausol II (105km) located in Andalusia, one of the country’s most dynamic economic regions, interconnecting Malaga to Guadiaro and A66, a 50 km motorway in Castilla y Leon. Meridiam also operates The Gipuzkoa Environmental Complex, a waste-to-energy project generating renewable energy sufficient to power more than 45,000 homes from recovered non-recyclable waste (200,000 tonnes of municipal waste every year).