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| LAMSAC’s acquisition: Vinci becomes motorway concessionaire in Peru  Vinci Highways, Vinci Concessions' subsidiary, has finalised the acquisition of 100% of LAMSAC company, concessionaire-holder of Línea Amarilla, a 25 km toll road around the center of Lima, and PEX, LAMSAC's electronic toll collection operator. The deal is based on an enterprise value of LAMSAC and PEX at PEN 5.5billion (around EUR 1.5 billion) as of 31 December 2015.LAMSAC holds a concession contract with the Municipality of Lima to build, operate and maintain the Línea Amarilla until November 2049. In 2016, traffic on LAMSAC averaged 139, 300 vehicles/day. It will further increase following the completion of a new section between the existing toll road and Callao harbour. With an average annual growth rate of more than 6% over the past 10 years, Peru offers a strong growth potential. This acquisition is a major milestone in Vinci Group's strategy of development in Latin America. write your comments about the article :: © 2016 Construction News :: home page |