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Modern bridge and road
Modern bridge and road

Roads

Roads are the most basic and one of the most used pieces of infrastructure. Developed countries recognise that road building and maintenance is vital for the continued wellbeing of their economies but also that every year new challenges arrive.

With the year-on-year increases in traffic, the drive for low carbonisation and declining government revenues, many countries are wrestling with the issue of road pricing. Ironically, as increases in traffic have outpaced road construction in the world's developing economies, we expect significant global growth in the road market over the next two decades. Developing economies often have preferences for toll roads for different reasons.

As the ownership of roads has become broader (states, construction companies and infrastructure funds all have significant portfolios), their sales have become more common, whether it is construction companies exiting due to construction having been completed and capital needing to be recycled, or financial constraints making disposals necessary. Whether the roads are toll roads, shadow toll roads or have availability based payment models, the key to efficient legal advice is a deep understanding of the market.

Allen & Overy has considerable experience advising on toll roads, bridges, tunnels and ring roads. We advise sponsors, banks and governments and other parties involved in the sector on project financings (public-private partnerships/private finance initiatives), construction, mergers and acquisitions, funding (equity and debt) and litigation.

We have experience of advising on numerous road projects globally including market-defining transactions in the UK, U.S., Europe and Central and Latin America.

News and insights

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Publications: 13 September 2022

European Commission reports on operation of EU FDI screening mechanism

With the EU FDI Regulation close to celebrating its second year anniversary, the European Commission (EC) has published its second annual report on EU FDI screening covering the operation of the…

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News: 02 September 2022

Allen & Overy secures ruling deeming pilots' union demand for inflation compensation at Lufthansa unlawful

In today's ruling (case no. 38 Ga 79/22), the Munich Labour Court held, upon application by Deutsche Lufthansa AG, that the ongoing strike of pilots' union Vereinigung Cockpit e.V. (VC) is unlawful.

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How EasyMile is tackling the under-30mph market and the impact of the pandemic on the autonomous vehicle industry

Publications: 14 June 2022

Webinar: The landscape of the autonomous vehicle market

The inaugural program in Berkeley Center for Law & Technology’s (BCLT) Autonomous Vehicle (AV) Series in partnership with A&O provides listeners an overview of the current state of the industry.

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Publications: 19 January 2021

Public Procurement - The European Court of Justice provides guidance on “self-cleaning” measures in its judgment

In its judgment of 14 January 2021 the European Court of Justice provides guidance on “self-cleaning measures”.  The “self-cleaning” measures were introduced in the 2014 Directives on public…

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