Colombian Firm Wins Its First Chilean Toll Road

Intervial Chile, S.A, a subsidiary of a Colombian power grid operator, generated the winning bid for a 40-year, US$310-million DBFOM concession for Rutas del Loa, a Chilean toll road. This was its first competitively won Chilean road concession, and it enhances its portfolio of five toll road concessions that it acquired from Spain’s Ferrovial Cintra. The 907 km already under concession are part of Chile’s Ruta 5 (the Pan American Highway).

Intervial Chile bid 35% below the tender cost for Rutas del Loa, beating two teams, Spain’s Sacyr and a consortium of local road constructors-operators.

Intervial Chile’s parent is a Bogota-based conglomerate ISA, S.A, whose core business is electrical energy and telecommunications. ISA has energy and telecommunication holdings in Central America, Brazil, Peru, and Chile and diversified into Chilean highways with the objective of deriving 20% of its revenues from non-energy investments.

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About Bill Reinhardt

Editor of Public Works Financing newsletter
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