Annual Report 2015 > Abertis Group > Abertis in the world > Toll roads > Chile
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Chile



Abertis is the largest toll road operator by traffic volume in Chile, where it manages more than 770 kilometres across six concessions: Rutas del Pacífico, Autopista Los Andes, Autopista del Sol, Elqui, Autopista Los Libertadores and Autopista Central, the busiest toll road in the country.

In 2015 Abertis has stepped up its strategy for growth and taking control of its stakes by consolidating assets and demonstrating its ability to increase its portfolio of concessions on attractive terms. In July the Group agreed the purchase of 50% of the parent company of the concession operators Autopista del Sol and Autopista Los Libertadores for more than 130 million euros. Following year-end, in January 2016 Abertis acquired the 50% previously held by the Canadian fund Alberta Investment Management Corporation (AIMco) in Autopista Central for around 950 million euros.

After these acquisitions Abertis now controls 100% of the six concession operators - 771 kilometres in total - in which it has a stake in Chile and from 2016 the country will be the Group’s third largest market in terms of EBITDA.

The division presents growth in its main figures with rises in revenue and EBITDA above 5%. As for traffic, Average Daily Traffic of vehicles grew 8.5% and particularly strongly in the case of the light vehicles segment (9.6%).

For the Chilean subsidiary of Abertis 2015 has been a year of taking on board the best practices of the Group and finding new synergies. The Integration Programme has enhanced the commitment of employees who feel more identified with the Group.

In the field of investment, further progress has been made in the construction of the last stretch of the Autopista Los Andes, a 130-million-euro project that is already 14% complete. On the Autopista Central the company is building the Maipo Bridge with a total investment of 40 million euros. The bridge will become operational in the first half of 2017.

In 2015 use of the Via-T payment device on Rutas del Pacífico has increased up to 25% of total transactions at peak times, while on Autopista del Sol and Autopista de los Libertadores 45% of customers choose the prepayment option, which enables drivers to use special routes and avoid congestion. The online prepayment service has also been introduced.

As part of its commitment to Corporate Social Responsibility, Abertis in Chile has promoted the activity of its road safety education programme School 2.0 Project through its online platform, now also open to the community of teachers to share knowledge and experiences. It also continues to partner the “Corre conmigo” Foundation, an organisation that seeks to foster the social reintegration through sport of people who have become disabled as a result of traffic accidents.

The Chilean division of Abertis is to focus its efforts in 2016 on carrying out pending works as well as giving fresh impetus to negotiations with the government to move forward in publicprivate partnerships for infrastructure financing. The company has proposed upgrades for four of its toll roads (Rutas del Pacífico, Autopista del Sol, Autopista Central and Autopista Los Libertadores) to the Ministry of Public Works coming to more than 800 million euros in projects designed to provide solutions to the current problems of congestion with the aim of making Chilean toll roads into more modern, efficient and environmentally sustainable infrastructures.


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