Spanish firm keen to develop Chilean projects

Spanish infrastructure firm Abertis is keen to develop a series of projects in Chile. In all the projects are worth over US$900 million. Abertis has presented these projects to Chile's Ministry of Public Works. This move follows the acquisition by Abertis of the remaining 50% stock holding in the country's Autopista Central motorway concession. This was bought from Canadian fund manager Alberta Investment Management (AIMCo) for over $1 billion.
February 2, 2016 Read time: 1 min
Spanish infrastructure firm 5729 Abertis is keen to develop a series of projects in Chile. In all the projects are worth over US$900 million. Abertis has presented these projects to Chile's Ministry of Public Works. This move follows the acquisition by Abertis of the remaining 50% stock holding in the country's Autopista Central motorway concession. This was bought from Canadian fund manager Alberta Investment Management (AIMCo) for over $1 billion. The projects Abertis is presenting to Chile's Ministry of Public Works involve improvements to the local roads that it currently controls. These projects are expected to be carried out over a five year period. The projects include the construction of third lanes on Ruta 68 and Ruta 78, works on Autopista Central's Quilicura junction and transforming Los Libertadores highway into an urban road from Santiago to Colina. This last project will also include the installation of a free flow toll system.
Road Structures Highway & Network Management Finance & Funding

For more information on companies in this article

Related Content

  • Santiago’s Autopista Central in line for improvements
    June 18, 2015
    Motorway operator Autopista Central de Chile (AC) has applied to the Ministry of Public Works to make improvements worth around US$340 million to the Autopista Central system in the capital Santiago. Improvements are scheduled for the Quilicura area. AC will present an environmental impact and engineering study this summer to the ministry. Much of the work will take place at night time to avoid traffic disruption. Autopista Central consists of two highways, the westernmost of which branches off from t
    Read More
  • Chilean highway project faces questions
    February 14, 2012
    The plans for Chile's new Vespucio Oriente highway are under a question mark at present. The Chilean Construction Chamber (CChC) and the association of concession-holders (COPSA) have raised concerns over the plans by the country's government to press ahead with the construction of the 13km Vespucio Oriente highway in capital Santiago.
    Read More
  • Chile's road safety drive
    February 23, 2012
    In Chile a serious accident has triggered a major assessment of existing safety regulations.
    Read More
  • Key Chilean connections
    November 27, 2012
    Strong interest is being shown in the construction sector in Chile for the project to build the Chacao Bridge. The tender process is due to open in the first half of 2013 and a large number of contractors, over 30, have already acquired terms and conditions of the works package. The construction project is expected to cost US$740 million. Bidding is expected to close in early 2014 and the winner will be selected and the contract awarded. Work should start in 2015 and the completion date will be in 2019. A
    Read More

Highlighted Content