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| Global Vía acquires two toll roads in Chile Global Vía Infraestructuras, a 50:50 joint venture of Spanish construction company FCC and Caja Madrid, bid 553 million dollars for the SCADA and SCADI toll roads in Chile in the sale process initiated early in 2008 by the current owner, Bancomext (a Mexican state-owned bank), in an international tender involving the leading companies in this sector. This is Global Vía's first acquisition in the Americas. The two roads are expected to generate 82 million euro in revenues and 42 million euro in EBITDA by 2009. Both concessions have guaranteed minimum revenues. SCADA, which is 218 km. long, connects Santiago with Los Vilos (north of Santiago). It carries an average of 35,414 vehicles per day and is part of the PanAmerican Highway, the country's main road backbone, which passes through most of Chile's largest cities. SCADA has three toll plazas, 40 bridges, 30 intersections and a 300-metre tunnel. SCADI, which is 89 km. long, connects Concepción and Chillán, carrying an average of 7,280 vehicles per day. It has six intersections, one toll plaza on the main highway and two on access roads, 45 overpasses and a 240-metre bridge. write your comments about the article :: © 2008 Construction News :: home page |