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

  • The Russian government is set to revise roadbuilding standards and technologies
    May 29, 2013
    The Russian government is considering revising standards and technologies of roadbuilding in the country, writes Eugene Gerden. The aim is to accelerate implementation of one of the major public projects in the transport industry of Russia in the coming years: expansion of the road network from the current 900,000km to 1.3 million km by 2030 as part of the current Russian State Transport Strategy. According to a recent study, conducted by analysts of the Presidential Head Control Directorate, maintaining th
    Read More
  • Khabarovsk Bypass to raise transit potential of Russian Far East
    March 13, 2017
    Khabarovsk Bypass to raise transit potential of Russian Far East – Eugene Gerden writes The Russian Government, together with the government of Khabarovsk Territory, an administrative capital of the Far East, have announced the completion of preparations for the building of a new road. The Khabarovsk Territory is located 30km from the Chinese border, at the confluence of the Amur and Ussuri Rivers. This new highway will boost the transport potential for the Russian Far East and will improve the traffic s
    Read More
  • Costa Rica highway concession package cancelled
    March 19, 2014
    The Costa Rican Government is paying compensation worth US$28.4 million for the cancellation of a highway concession package. The compensation relates to the San José-San Ramón highway concession and is being paid to the Brazilian construction company OAS, reports Business News Americas. This follows a legal dispute over the project and is some $10 million less than OAS originally claimed in compensation. The 30 year concession package was cancelled last year due to opposition. There were allegations of a c
    Read More
  • Key highway project in Colombia faces delay
    December 2, 2013
    Work on a key stretch of Colombia’s Ruta del Sol highway project is behind schedule, with the route now unlikely to open to traffic before 2017. The 21.6km section of the highway facing these delays will link Villeta and Guaduas in Cundinamarca. A key challenge is technical as the US engineering firm Gall Zeidler Consultants has warned Colombia’s infrastructure agency (ANI) that this section of the route is geologically unstable. The proposed route could be at risk from slippage and will need to be stabilis
    Read More

Highlighted Content