Autopista Central, a high-capacity highway belonging to the Vias Chile holding, a subsidiary of Abertis in this region of South America, signed an agreement with the Government for the construction of two one-way tunnels (1.5 kilometers each) that will connect the territories within the Metropolitan Area of Santiago de Chile.
The total amount of the project will exceed 300 million euros and the works are expected to begin in the first half of 2022 and are expected to last for 40 months, the Spanish company reported this Sunday through a statement.
“The agreement represents a significant investment aimed at decongesting one of the busiest areas in the north of Santiago de Chile,” according to the note.
Specifically, the project refers to the interchange between the General Velásquez section of the Central highway and the Américo Vespucio Norte section of the Santiago ring road).
“The project will save fuel and travel time for users of these roads, by improving circulation flow and will allow Santiago de Chile to reduce pollution associated with high volumes of traffic. In this sense, in addition, the project includes 22 hectares of new public spaces for leisure, of which more than 6 hectares will be for green spaces “, explains the Abertis statement.
“Autopista Central, a concession that currently manages 62 km in the North-South axis of Santiago Metropolitan Area of Chile until 2032, is the highway with the highest volume of traffic in the country and is one of the six concessions in the Abertis portfolio in Chile. As part of the agreement, there will be a 20-month extension for this concession. “
Abertis points out that “in the first half of 2021, Abertis’ EBITDA in Chile stood at 174 million euros, a significant part of the 1.6 billion euros of EBITDA recorded by Abertis in the first half. During 2021, the Chilean toll roads have experienced a strong rebound in traffic, showing since July a recovery from the levels of 2019 “.
“The operation responds to Abertis’ strategy of extending the average duration of its assets and reinforces its commitment to public-private entities with the aim of reinforcing the creation of long-term value and providing sustainability solutions for the territories in which which operates through agreements with public administrations “, states the note.