Overview
Three-lane highway without crossings
Since January 2006, Vespucio Norte Express, one of the busiest roads in Santiago de
Chile, has been open to traffic. HOCHTIEF PPP Solutions planned, financed and built
the toll highway on the basis of a BOT (Build, Operate, Transfer) contract and will
operate it until 2033. The company and its partners had won the contract for the
29-kilometer section of the beltway around Santiago de Chile from the Chilean Ministry
for Public Works in 2001.
The Vespucio Norte Express project is part of Chile's concession
program and represents an investment volume of
EUR 521 million.
After expiry of the concession contract, ownership of the highway will be transferred to
the Chilean state.
As a core element of its strategy and part of the active management
of its concessions portfolio, HOCHTIEF PPP Solutions in 2007 and 2008
successfully sold a total project share of 16.25 percent to an investor at a
purchase price of approximately EUR 107 million. Since then, the company
has held a share of 29.2 percent in the toll highway.