Thursday, April 15, 2010

New Road links make Lake Como an even better investment opportunity

New road infrastructure for Northern Italy - a 50-year old project is finally born


50 years after it was first proposed, a new regional road system is being constructed linking the five provinces of Bergamo, Monza and Brianza, Milan, Como and Varese, by 160 km of new motorway-standard roads, including 60 km of tunnels and cuttings, and 5 km of bridges. The project requires a total investment of €5 billion. This includes €150m earmarked to reduce the environmental impact, including the planting of one million new trees.



The project aims to solve the problem of road congestion in the Lombardy area, speeding up traffic in and around Milan and reducing commuting times. The first phases will be opened in 2013 and the full project is due to be completed by 2015.



This is going to further improve the accessibility of Lake Como from Malpensa Airport, reducing the current journey time of 50 minutes to just 35 minutes. And travelers to Bergamo airport will benefit too from greatly increased ease of access to Lake Como. It is expected that this in turn will have a positive effect on property values the value of properties in the lake area, as it becomes more accessible. So now could be the perfect time to buy a home on Lake Como. Follow the link for more information on property purchases in Lake Como, where you can still buy a lake view property for under €250,000 - Ultissimo Lake Como Property Search

The chart below gives examples of the substantial reduction in journey times - for a larger version of this chart simply click here





The official launch of the project took place on Saturday 6th February, in front of local and national dignitaries who have been stressing the importance and necessity of this work for many years, in order to develop the Lombardy region. The project incorporates many technological innovations, including a new 'free flow' toll system.



Click here to view a map of the new road project

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