Investments in infrastructure projects

Overall information on investments in infrastructure projects

The following table shows balances and movements in Investments in infrastructure projects by project during 2007 and 2006:

 Balances and movements in Investments in infrastructure projects

The main toll road additions relate to the investment in new projects under construction or in betterments or extensions of operational toll roads. The item "Other toll roads" includes the investments of 78 million euro and 185 million euro in Euroscut Azores (Portugal) and Eurolink Motorway (M3) (Ireland), respectively. The item Toll roads USA includes an increase of 50 million euro in SH-130 Concession Co, LLC (Texas).

Movements relating to BAA are explained in more detail below.

Movements in these assets during 2006 were as follows:

 Movements in these assets during 2006

  • In the case of the infrastructure projects, all the assets secure the company's debt, as explained in Note 20.

  • There were no impairment losses or reversals in 2007.

  • Interest capitalised during the year is analysed in Note 27.

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