DIF Capital Partners, through DIF Infrastructure VI, has announced that it has reached an agreement to acquire a 49% stake in the Norte Litoral and a 48% stake in the Via do Infante availability PPP roads from Cintra, a subsidiary of Ferrovial. Closing of the transaction is subject to customary approvals from Portuguese authorities and lenders.

Through other funds under its management DIF Capital Partners controls the remaining 51% stake in Norte Litoral, as well as a 49% stake in Via, do Infante, stakes it acquired from Cintra in 2016.

Via do Infante (A22) is a 133-kilometer motorway concession between Lagos and Castro Marim in the South of Portugal. This concession was awarded in 2000, with the contract running until 2030. Norte Litoral (A28 and A27) is a 113-kilometer motorway concession between Porto and Caminha, and from Viana do Castelo to Ponte de Lima, in Northern Portugal. This concession was awarded in 2001, with the contract running until 2031. Both concessions benefit from availability payments which represent ca. 95% of revenue. Cintra will continue to provide the management services for both roads.