Central HighwayA high-capacity highway owned by Vias Chile conglomerate, a subsidiary of Abertis in this part of South America Agreement with the Government of Chile for the construction of two one-way tunnels (1.5 kilometers each) This will connect the regions within Greater Santiago.
Total amount of the project It will exceed 300 million euros (almost 286,500 million pesos) and work is expected to begin in the first half of 2022. and expected to last 40 months (3.3 years)The Spanish company reported in a statement this Sunday.
“The agreement represents an important investment” designed to unclog one of the busiest areas in the north From Santiago de Chile, “According to the note.
Specifically, the project refers Interchange between the General Velásquez section of the Central Highway and the Américo Vespucio Norte section of the Santiago ring road.
“The project will include fuel and travel time savings For users of these roads, it will improve circulation flow and allow Santiago de Chile to reduce the pollution associated with high volumes of traffic. In this sense, the project also 22 hectares of new public space, more than 6 hectares of green space‘, explains Abertis’ statement.
“Autopista Central is currently a franchise It is the highway with the highest traffic volume in the country, running 62 km on the North-South axis of Chile’s Santiago Metropolitan Region until 2032. and is one of six franchises in the Abertis portfolio in Chile. As part of the deal, there will be a 20-month extension to this concession.”
“In the first half of 2021, Abertis’ EBITDA in Chile stood at €174 million, a significant portion of the €1.6 billion EBITDA recorded by Abertis in the first half. Throughout 2021, Chilean highways experienced a strong recovery in traffic and have rebounded to 2019 levels since July.“.
The operation responds to Abertis’ strategy of extending the average lifetime of assets and reinforces its commitment to public-private organizations to strengthen long-term value creation and provide sustainability solutions for the regions in which it operates through agreements. with public administrations” indicates the note.