Units converter
Quotes on line
2015 World Crane and Transport Summit
2014 International Cranes and Transport Latin America
World of Concrete 2015

   Search News
Acciona offloads tollroad assets for US$424mn (Chile)

Spanish infrastructure and energy developer Acciona has agreed to sell its stake in two Chilean highway concessions to Italy's Atlantia for 9.3mn UF (Chile's inflation-linked units; about US$424mn).

Atlantia will take over a 50% stake in concessionaires Autopista Vespucio Sur and Litoral Central, as well as Operación y Logística de Infraestructura (Operalia).

Vespucio Sur operates 24km of capital Santiago's Américo Vespucio beltway, while Red Vial Litoral Central operates 79km of coastal highway in region V.

The sale agreement, which is still subject to authorization, includes 8.9mn UF in cash and 378,000 UF in subrogated debt, Acciona said in a statement sent to Spain's securities regulator CNMV. Atlantia has also agreed to forward Acciona a construction payment pending from the public works ministry (MOP).

Spanish bank BBVA coordinated the transaction, which is part of the Acciona's plan to sell off mature concession assets to boost new investment in the sector.

Acciona will continue to participate in Chile's tollroad sector through its concession for region VIII's Ruta 160 highway, which involves building a 91km stretch connecting Arauco and Concepción provinces.

The firm was awarded the 40-year concession in July 2008 and plans to invest 200mn euros (US$285mn) in the project.

Send this publication to a friend

More news
Shakeup at Ferrobaires over February accident (Argentina)
Argentina's Buenos Aires provincial government has replaced several high-ranking officials at state-owned rail operator Ferrobaires following a rail accident in February this year. ...
Paraíba pushing to speed up PAC projects (Brazil)
Brazil's federal and Paraíba state governments are discussing projects under the country's growth acceleration plan (PAC) aimed at improving transportation logistics in the northeastern stat ...
Interoceánica Sur generating US$3bn - Ositran (Peru)
Peru's 2,500km Interoceánica Sur highway has generated economic benefits of over US$3bn for the country, according to transport regulator Ositran president Juan Carlos Zevallos. ...