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The consortium formed by OHL Concesiones and Sacyr Concesiones Chile has submitted the best proposal for the Américo Vespucio Oriente highway concession in Santiago de Chile.

The consortium beat competition from another consortium composed of Cintra (Ferrovial) and Brookfield.

Chile's MOP received economic proposals for the concession today, 28 February, 2014. Cintra - Brookfield got the best technical valuation with 5.3 points, against the 5.1 points of OHL - Sacyr. However, OHL - Sacyr asked for a much lower subsidy from the government.

The highway is the missing link of the Santiago's beltway. The rest of stretches were built more than seven years ago and they are operated though a system of free flow tolls, which form a pioneer system in the world.

In November 2013, the Public Works Ministry (MOP) said the budget initially estimated at around US$860 million would now go up to US$975 million for the 40-year concession that entails building and operating a 9.3km underground expressway running from El Salto avenue to Príncipe de Gales avenue under the current Américo Vespucio beltway.

Vespucio Oriente highway will be built on two levels, each with a three-lane expressway. Road capacity will increase to 8,000 vehicles per hour from the current 3,000 vehicles per hour.