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

  • Arteris to invest heavily in Brazilian road projects
    October 15, 2013
    Spanish infrastructure group Abertis plans to invest heavily in Brazil through national road and telephone tower projects, after selling its airports-based operations by 2014. The Group is evaluating participation in new highway auctions through its subsidiary, Arteris. Arteris also plans to invest around US$3.22 billion (BRL 7 billion) over the coming years in the nine road projects it currently owns, with $590.13 million (BRL1.3 billion) being invested in 2013. The company will invest $453.94 million (
    Read More
  • Highway work boost in North Africa
    August 21, 2012
    North Africa is seeing construction business return - Mike Woof reports After a troubled period, stability looks to be returning to North African nations, which can only be good for the road construction sector. First Tunisia, then Egypt and finally Libya saw tumultuous revolts against the previous autocratic (and in one case at least, despotic) rulers. All three nations are now benefiting from a return to stability, with economic growth also improving once more.
    Read More
  • Chile rules out proposal for a Santiago-Valparaiso route through La Dormida
    October 26, 2015
    Chile has shelved a proposal for a new road route between the inland capital of Santiago and the Pacific Ocean port of Valparaiso through the mountain called La Dormida. The new route, proposed by Grupo Costanera, would have needed a 68km tunnel through La Dormida. Chile’s Ministry of public works was considering a single investor for a package that would have included upgrades to the existing Route 68 between the two cities and also a new route. However, these two projects will remain separate and be
    Read More
  • Road pricing revenue a source of investment funds
    February 16, 2012
    When channelled back into the road sector, revenue from road charging is seen by many as a source of additional investment and research funds as Patrick Smith reports. Late in 2010, three major European organisations put out a policy statement calling for fair charging for greener, smarter and safer road infrastructure. ASECAP (the European toll road operators organisation); ERF (European Road Federation) and the IRU (International Road Transport Union), said that in recent years the concept of road chargin
    Read More

Highlighted Content