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| Hochtief realizes public-private partnership project in Chile In Santiago de Chile, one of the country‘s most important toll highways was opened to traffic, three months ahead of schedule. The Vespucio Norte Express, as it is called, links Chile‘s north and south highways. A consortium in which Hochtief PPP Solutions GmbH has a 45 percent share will operate the 30 kilometer long northwestern section of the beltway around Chile‘s capital until 2033. Hochtief Construction AG was one of the main contractors. The project has an investment volume of EUR 520 million, which will be refinanced through tolls over the 27-year operating period. Upon expiry of the concession contract, the road will be transferred to the ownership of the Chilean state. With an anticipated 75, 000 vehicles a day in 2006, rising to some 150, 000 a day in 2020, Vespucio Norte Express will be one of the most heavily frequented roads in Chile. The northwest of Santiago de Chile is the fastest growing part of the capital and is seen as a center of real estate and industrial development in the city. write your comments about the article :: © 2006 Construction News :: home page |