Spain
PIC: Plan Extraordinario de Inversión en Carreteras
On July 2017 the Spanish Government announced the Extraordinary Road Investment Plan ("PIC - Plan Extraordinario de Inversión en Carreteras"). The plan envisages the investment of €5 billion in the construction of 2,000 km of highways over a period of 4 years' (2017-2021).
The purpose of the plan is to complete the tranches of the Trans-European Network outstanding, to solve bottlenecks in the current road network, and to improve an adapt the main existing highways to the requirements of the new regulations in terms of accidents, noise, CO2 emissions and ensure the proper maintenance of all the projects that will be carried out.
International Financial Law Review, April 2018.