- The new package sums up the 317 kilometers currently managed by the Autovias concessionaire, Arteris’ subsidiary, to other 403 kilometers that were until now under the direct management of the Government of the São Paulo state. In total, they sum up 720 kilometers.
- The new concession establishes investments for R$5,000Mn (~€1,500Mn).
- It is a strategic transport axis for the state of São Paulo, and it is located in one of the wealthiest and most dynamic regions of the country, with a population of 1.6 million people.
- The incorporation of these new assets to the Abertis’ portfolio will consolidate the Group as the world leader in the toll roads sector with the management of more than 9,000 kilometers in 14 countries.
Abertis, through its subsidiary in Brazil, Arteris, has won the concession for the management of the Rodovias dos Calçados (Itaparonga-Franca), for a 30-year-long period until 2047.
The awarding process has been closed for an amount of R$1,212Mn (~€353Mn), in real terms, to be paid after the contract signature, and a second payment of R$225Mn (~€65Mn) to be paid after the release of the current Autovias concession.
The awarded package sums up the 317 kilometers managed by Autovias (São Carlos-Araraquara corridor), an Arteris’ concessionaire operating since 1988, and whose concession will end in December 2018; to other 403 kilometers that were under direct management of the Government of the São Paulo state (Araraquara-Itaporanga corridor). In total, they sum up 720 kilometers.
The contract establishes a plan of near R$5,000Mn (~€1,500Mn) that include the expansion of the current asset capacity by the duplication of more than 275 kilometers.
The road is a strategic transport axis for the state of São Paulo, and covers one of the wealthiest and most dynamic regions of the country, with a population of 1.6 million people.
Impact on the Group
The new concession is expected to generate R$464Mn (~€135Mn) in revenues and R$290Mn (~€85Mn) in EBITDA, most of them coming from the well-known Autovias network, in 2019.
The announcement demonstrates the strength of Abertis strategy for international growth, be it with the entry into new countries, or growing in the countries in which the Group successfully operates for years.
For Arteris, the award reinforces its leadership in the Brazilian market and an extension on the average portfolio duration in 4 years. In addition, allows the capture of synergies with the new stretches of roads added and offers potential upsides on new investments.
As a result of this process, Abertis consolidates its world leadership in its sector with the management of more than 9,000 kilometers in 14 countries.
Abertis in Brazil
Abertis is present in Brazil through its subsidiary Arteris since 2012.
The company operates 9 toll road concessionaires in Brazil, with a total of 3,250 kilometres. They are located in the states of São Paulo, Minas Gerais, Rio de Janeiro, Santa Catarina and Paraná, with four concessionaires from the state of São Paulo: Autovias, Centrovias, Intervias and Vianorte; and 5 concessionaires from the Federal network: Fernão Dias, Regis Bittencourt, Litoral Sul, Planalto Sul and Fluminense.