Chilean highway sale delayed, due to earthquake

The planned sale of the Autopista Central tolled highway in Chile is being delayed following the country's recent severe earthquake.
February 9, 2012 Read time: 1 min
The planned sale of the Autopista Central tolled highway in Chile is being delayed following the country's recent severe earthquake. The highway is owned at present by Swedish firm 2296 Skanska, which earlier announced that it would put the Autopista Central link on the market. An independent traffic study is being carried out at present but its final report has been delayed by 1-2 months. However Skanska still hopes to sell the highway during 2010. Meanwhile the sale of five Chilean highways by Spanish company 930 Cintra will be delayed until the end of 2010. Colombian firm 1311 ISA was intending to buy the highways but damage to the routes will cost some $150 million to repair and this factor is delaying the sale. The costs of repairing the damage is being assessed at present by the insurers.
Asphalt milling, paving & compaction Concrete milling, paving & compaction

For more information on companies in this article

Related Content

  • Skanska selling Chilean highway stake
    February 29, 2012
    Swedish conglomerate Skanska reports that it plans to sell its 50% share in Chile's Autopista Central Highway shortly.
    Read More
  • 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
  • Consortium constructing challenging route in Chilean capital Santiago?
    January 29, 2014
    The concession package for the US$1.06 billion Américo Vespucio Oriente (AVO) expressway in Santiago, Chile looks set to be awarded to a consortium headed by OHL Concesiones Chile. OHL's proposal of a subsidy close to 20% of the project's cost beat Spanish group Cintra's bid, according to a report from Business News Americas. Of 15 companies that prequalified for the project, only OHL in an alliance with Sacyr Concesiones Chile and Cintra had submitted technical offers for the 40-year concession. Constructi
    Read More
  • Colombia's roads to recovery
    February 8, 2012
    Colombia's Ministry of Transport is suggesting that the Avenida Longitudinal de Occidente (ALO) road project in Bogota should be carried out by Colombian energy company Empresa de Energia de Bogota (EEB).
    Read More

Highlighted Content