- Abertis will invest around €110Mn in the enlargement of Autopista del Sol (Ruta 78), with the construction of a new lane between Santiago de Chile and Talagante; and other complementary works.
- The new investments will be made up for the extension of the concession term until 2021.
VíasChile, company owned by Abertis (80%) and ADIA (20%), has been granted by the Chilean Government all required authorizations to undertake new investments in Autopista del Sol (Ruta 78) in Exchange for the extension of the concession term in almost two more years.
The new investments, that will amount to €110Mn (excluding VAT) consist of the enlargement of the toll road through the construction of a third lane between Santiago de Chile and Talagante, and complementary works. This wide investment plan along the whole extension of the toll road will serve to solve the problems caused by the increase in traffic in recent years, and also to improve congestion problems and road safety. Works are expected to be completed by 2020.
In exchange for these investments, Autopista del Sol has been granted an extension of the concession term for 22 months until 2021.
With this agreement, Abertis reinforces its commitment to public-private partnerships with the objective to find value-creation solutions for the territories through agreements with the public Administrations to make new investments in exchange for extensions on the duration of the concessions or through tariff increases.
In this sense, the Group has reached important agreements in the majority of its markets, such as France, Italy, Brazil, and Puerto Rico. Moreover, this agreement demonstrates Abertis' ability to extend the company’s average portfolio duration through win-win partnerships with local authorities.
Autopista del Sol (Ruta 78)
Autopista del Sol is the main connection of the city of Santiago de Chile with the port of San Antonio, Chile’s largest port with an area of influence in central Chile and the province of Mendoza in Argentina. During 2017, the concessionaire contributed with €71Mn in revenues and €56Mn in EBITDA to Abertis’ consolidated results.
Abertis in Chile
In Chile, Abertis is the largest toll road operator by traffic volume, managing more than 770 kilometers in 6 concessionaires managed by VíasChile (80% owned by Abertis, and 20% by an Abu Dhabi Investment Authority-ADIA’s company):
- Autopista Central, part of the North-South of the city (60 km.), the urban toll road with the highest traffic in Chile.
- Elqui, connecting Los Vilos-La Serena in the north of the country (229 km.)
- Rutas del Pacífico, linking Santiago de Chile with Valparaíso and Viña del Mar, in centre area of the country (141 km.)
- Autopista del Sol (132 km.), connecting Santiago de Chile with the port of San Antonio.
- Autopista Los Libertadores (119 km.), that links the capital with important cities located in the northern part of the Santiago Metropolitan region.
- Autopista Los Andes, that connects the city of Los Andes with Ruta 5 North and the port of Valparaíso (92 km.)
Chile is the Abertis’ fourth largest market. In 2017, it contributed to the Abertis Group consolidated results with 10% of revenues and 12% of EBITDA, following France, Spain and Brazil.