A team composed of Spain's Sacyr and Aleática (IFM Investors) has secured a loan financing for the America Vespucio Oriente highway concession project in Chile. The company has signed a EUR840 million (US$954.72 million) loan from a group of local financial institutions. The financial close has taken plave five years after the award of the concession.
The financial entities that have led the operation, with 75%, are Banco de Chile, Banco del Estado de Chile and Banco de Credito e Inversiones (BCI). The remaining 25% was taken by Banco Consorcio, Compañía de Seguros de Vida Consorcio Nacional de Seguros, Principal Compañía de Seguros de Vida Chile, Bice Vida Compañía de Seguros S.A. and Metlife Chile Seguros de Vida.
The 9.3-km highway is one of the largest projects currently under construction in Chile. It is estimated that it will enter into operation in 2022 and will considerably reduce travel times, benefiting some 750,000 people in the city of Santiago.
Country updates
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December 06, 2018
One bid received for Chilean road concession
The sole bid of Sacyr was received in the call for tender of the Second Concession Route 5 Los Vilos - La Serena section road project. Only one bid was submitted from the 19 companies that expressed i...
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November 29, 2018
Preferred bidder selected for road concession in Chile
The Directorate-General of Concessions, part of the government of Chile's Ministry of Public Works, has announced that it has selected a consortium comprised of Chilean companies Icafal and Conpa...
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October 26, 2018
Chilean government receives two bids for US$100 million road concession
The Directorate-General of Concessions, part of the government of Chile's Ministry of Public Works, has announced that it has received two technical offers for the Route G-21 concession. Th...
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October 23, 2018
Intervial achieves financial close of road concession in Chile
Intervial Chile has reached financial close for the Rutas del Loa road concession project. The 136km project is located in the Atacama desert near a Chilean mining region. Banco Santander...
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September 27, 2018
Government of Chile to tender US$2.5 billion hospital concessions
The Ministries of Health and Public Works of the government of Chile have published a schedule for the tender of eighteen hospital concessions with a total investment of over US$2.5 billion.
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