Capital expenditure by geographical area

Details of net capital expenditure 21 by geographical area are shown below:

(m)Full Year 2015Full Year 20142014At constant exchange rates
North America 112.3 78.8 42.4% 21.2%
International 31.5 36.8 -14.4% -19.2%
Italy 35.4 38.0 -7.0% -7.0%
Other European Countries 30.7 36.0 -14.5% -16.5%
European central structure 1.7 6.8 -74.6% -74.6%
Total Europe 67.8 80.8 -16.0% -16.9%
Total 211.6 196.4 7.7% -0.8%

Net capital expenditure in 2015, mostly concerning the airport channel, amounted to € 211.6m (€ 196.4m the previous year).

In North America investments concerned the airports Houston George Bush, Dallas/Ft. Worth, Chicago, Montreal, Honolulu, Charlotte, Atlanta, Los Angeles and Toronto and rest stops along the Ontario Highway, the Pennsylvania Turnpike, the Garden State Parkway and the New Jersey Turnpike.

In the International area most capital expenditure took place in the Netherlands (Schiphol airport and railway stations), Turkey, the United Kingdom and Finland.

The larger investments in Italy concerned Milan (most notably “Il Mercato del Duomo”), the Fiorenzuola d’Arda rest stop, and railway stations in general.

In Other European countries most of the expenditure occurred in France (rest stops at Chien Blanc-Lochères and Nemours-Darvault and the railway station in Roissy), Switzerland (Geneva airport and Müensingen rest stop), Germany (Frankfurt airport) and Belgium (Brussels airport).