Abertis in Argentina is the main shareholder in two of the most important roads leading into the city of Buenos Aires through Grupo Concesionario del Oeste (GCO), which holds the concession for the Autopista del Oeste which connects the country’s capital with the town of Luján on the western route into the city, and Autopista del Sol, SA (“Ausol”), which manages what is popularly known as the Autopista Panamericana, the northern road into Buenos Aires, and the Autopista General Paz, a major ring-road in the city. The two concession operators have a total of 175 kilometres between them.
In 2015 Abertis has promoted and led a process of greater integration of its concession operators through changes in management structure which have resulted in the joint management of the two companies. This new corporate organisation will generate significant cost savings and numerous synergies between the two concession operators and will benefit all the shareholders of the companies. In 2016 the new management has the mission of maintaining a climate of dialogue with the new Argentine government in order to restore the economic balance of the concession agreements under arbitration by the ICSID.
At the operational level, in 2015 construction of a new lane on the General Paz toll road has been completed which has led to improved service and convenience for drivers. Traffic has grown in the light vehicles segment in spite of the current economic instability in the country and the region.