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.