Skip to main content

Italian and Spanish firms complete Chilean asset deal

An agreement between Spanish company Acciona and Italian firm Atlantia is allowing the sale of a highway concession in Chile.
February 28, 2012 Read time: 1 min
An agreement between Spanish company 976 Acciona and Italian firm Atlantia is allowing the sale of a highway concession in Chile. Acciona is selling its 50% share of the Vespucio Sur and Red Vial Litoral Central highways in Chile to Atlantia in a deal worth some US$ 441.5 million (€305 million). The deal was agreed earlier this year and Atlantia is paying $407.8 million (€281.5 million) in cash.

For more information on companies in this article

Related Content

  • Julián Núñez, head of ASECAP offers a little Spanish enlightenment
    May 1, 2018
    Julián Núñez, president of ASECAP, gets his teeth into the vision of a European strategy for toll roads. David Arminas reports from Madrid Getting European politicians to agree to a long-term cross-border highway infrastructure programme for toll roads is extremely difficult. It’s a bit like pulling teeth. People want to avoid the pain. This is perhaps a bad analogy to use in the case of Julián Núñez, president of ASECAP - European Association of Operators of Toll Road Infrastructures. Núñez had just sat
  • Nicaragua road upgrades - funding secured
    March 1, 2018
    Financing worth US$238 million has been secured for planned road upgrades and improvements in Nicaragua. The funding comes in the shape of a loan from the Central American Bank for Economic Integration (CABEI). The upgrade works will be carried out to just over 194km of roads across the country. These works form part of the Nicaraguan Government’s VII Road Improvement and Renovation Programme. Meanwhile a further funding package worth $1.4 million from CABEI will help pay for various studies for Phase I of
  • Oman deal for Turkish/Italian partners
    February 9, 2012
    The first phase of Oman's new Sur road project is now being carried out by a joint venture comprising Turkish contractor Ozkar Insaat (Ozkar) and Italian firm Astaldi.
  • Colombia tunnel construction cost climbs
    January 25, 2018
    Work on the La Linea Tunnel project in Colombia has cost considerably more than first anticipated. The National Road Institute (Invias) says that the bill so far tops US$774 million. Extra costs of around $281.5 million have been incurred due to the need to drive a pilot tunnel as well as for three additional tunnel stretches as well as bridges along the approaches to the main tunnel. The project is now expected to be complete by the end of 2018, somewhat later than originally expected.