News / LarrainVial and Sacyr ink agreement to create Chilean highway operator

LarrainVial and Sacyr ink agreement to create Chilean highway operator

🕔 October 18, 2013
US$3 billion final close for Macquarie Super Core Infrastucture Fund Series 1

LarrainVial -150Spanish newspaper Expansión reported few days ago that Sacyr has agreed to set up a motorway operator in Chile together with LarrainVial.

Sacyr will transfer its stakes in five Chilean motorways to the joint venture, while LarrainVial will inject US$100 million. Sacyr will control a 51% stake in the new company, which will have a capital of €200 million.

Larrain Vial, a Chilean company specialized in financial services, will invest the money through an investment vehicle called Activa 1.

Through the deal, Sacyr will free itself from US$450 million current liabilities corresponding to future investments.

Sacyr Concesiones currently manages 676 Km of motorways in five different concessions: the highway linking La Serena with Vallenar, the highway between Vallenar and Caldera, Ovalle - La Serena highway, Concepción Cabrera highway and Iquique Accesses concession.

The five road concessions have an estimated investment value of US$1.4 billion and future revenues of US$3 billion.



League Tables

InfraPPP accepts project & transaction submissions to ensure that the data we have in our databases is accurate.

Download Submission Form  Download Submission Form

Newsletter

Subscribe to our newsletter and get in your inbox jobs, news and business opportunities.


PPP Africa Forum
Latin America & Caribbean Gas
Regional Energy
NTA Light Rail

Follow us on Twitter