48km
long
INDUSTRY, INNOVATION AND INFRASTRUCTURE
Build resilient infrastructure, promote sustainable industrialization and foster innovation
Economic growth, social advancement and action against the climate emergency depend largely on investment in infrastructure, sustainable industrial development and technological progress. Today, about 1 billion people live more than 2 km from a roadway, 940 million live without electricity, and 663 million lack improved drinking water sources.
ACCIONA participates in the entire infrastructure construction value chain, from the identification of opportunity, design and execution, to the operation and maintenance of the constructed works, using the most advanced and innovative techniques.
Performance quality and safety are two of the criteria that maximize the company's value proposal in the development of large infrastructure projects and that differentiate it from other competitors in the construction field.
SUSTAINABLE CITIES AND COMMUNITIES
Make cities and human settlements inclusive, safe, resilient and sustainable
Today, cities represent 3 % of the planet's surface and concentrate more than 50 % of the population. A figure that will rise to 70 % by 2050. In addition, cities generate more than 80 % of the world's gross domestic product (GDP).
In addition to facilitating access to essential services for life - such as energy and water - ACCIONA contributes to making cities places of productive well-being in which to live, favouring people's socio-economic development.
The €2.34 billion project stretches between Fargo, North Dakota, and Moorhead, Minnesota, and will divert rainwater and storm water from the Red River, protecting more than 235,000 people from the catastrophic effects of flooding. The project grew out of studies conducted after the historic Red River floods of 1997, which caused an estimated US$3.5 billion (€3 billion) in damages.
The 48-kilometer Fargo-Moorhead channel is a climate change resilience initiative and represents ACCIONA's significant entry into the US construction and concessions market. In addition to the construction of the canal, the project includes all the necessary associated infrastructure, including:
- One diversion outlet.
- Two aqueducts.
- 14 drainage inlets.
- Two interstate crossings.
- 12 county road crossings.
- Three railroad crossings.
The channel is the first U.S. green finance project dedicated to climate change adaptation infrastructure. Construction began in August 2022 and is expected to be completed in 2027.
GENERAL INFORMATION
- Location: Fargo, North Dakota - Moorhead, Minnesota, United States.
- Type of contract: Finance, build, operate and maintain for 30 years (PPP).
- Infrastructure: 48 km of flood diversion channel and related infrastructure.
- Year of completion: 2027.