Abertis closes the investment agreements in its toll roads network in Argentina in exchange for the extension of the duration of its concessions

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Abertis closes the investment agreements in its toll roads network in Argentina in exchange for the extension of the duration of its concessions

This article is part of a daily series of MegaProjects articles. If you want to know more about PPP projects with a considerable size visit our MegaProjects section. You can receive them by email on a daily basis.

Spanish toll roads and infrastructure operator Abertis has closed with the government of Argentina two agreements to extend the concession contracts of both subsidiaries in the country, Autopista del Sol (Ausol) and Grupo Concesionario del Oeste (GCO), in exchange for a global investment plan of a total amount of around US$680 million.

Under the agreement reached, Abertis will carry out an investment plan to improve the current road network for a total amount of around $430 million in the Ausol network and of around $250 million in the GCO's.

In summer 2017, Ausol and GCO signed respective MoUs that formally initiate the process to extend the concession contract for an additional 10 years.

Abertis owns a 48.6%-stake (57.6% of voting rights) of GCO, the concessionaire in charge of the construction, maintenance, administration and exploitation of the western access to the city of Buenos Aires. 56-kilometers long, it is one of the busiest road corridors in Argentina with an Average Daily Traffic (ADT) of 78.744 vehicles in 2016.

Autosol is owned by Abertis (31.59%), Salini Impregilo (19.82%), Natal Inversiones (14.12%), ACS (2.68%), and another local firm, Dycasa (1.75%), which has the support and experience of Dragados. The remaining 30.04% comprises freely floating shares. Ausol is in charge of the northern access to the city of Buenos Aires, a 95-kilometers long corridor, which connects the city with the highly populated northern neighborhoods. It also has the concession of General Paz highway, a toll-free section of 24 km-road that surrounds the capital.

These investments will be financed with the future income of the concession, thanks to the extension of the duration of the current contracts until 2030.

List of country news

Country news

  • June 19, 2018

    US$8 billion road PPPs awarded in Argentina

    The Evaluation Commission of National Roads in Argentina has signed a resolution to award six PPP projects which altogether require around US$8 billion investment. The projects involve the design, construction, expansion, improvement, repair, remodeling, operation, maintenance and commercial exploitation of roads located throughout the country, grouped into six corridors.

    Read more
  • June 06, 2018

    London and Paris metro operators compete for Buenos Aires concession

    The operators of the renowned London Underground and Paris Métro are reportedly competing for the concession to operate the metro system in Buenos Aires, known as the Subte. The contract is thought to be worth around US$3.5 billion over 10 years.

    Read more
  • April 26, 2018

    Ten bids for US$8 billion road tender in Argentina

    Ten offers have been submitted in response to a call for tenders for the modernization of more than 3,400km of national roads in Argentina, split into six road corridors and altogether estimated to require US$8 billion investment.

    Read more
  • March 15, 2018

    Argentina to launch US$2.3-billion rail network PPP

    Argentina's Ministry of Transport and Pubic Works has launched the tender for a new commuter rail network to service the Greater Buenos Aires metropolitan area. 

    Read more
  • February 02, 2018

    Argentina launches tender for US$8 billion road PPPs

    The Ministry of Transportation of Argentina has published a call for tenders for the design, construction, expansion, improvement, repair, remodeling, operation, maintenance and commercial exploitation of the Network of Highways and Safe Routes PPP Project Stage 1.

    Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.