Argentina extends Abertis concession

19 June 2017 Argentina’s Ministry of Transport has agreed to extend an Abertis road concession for 12 years.

The new agreement involves an additional investment of $250m to upgrade the West Highway (Autopista del Oeste) managed by concessionaire Grupo Concesionario del Oeste (GCO).   

This operation is a first step to resolve the conflict between Abertis and Argentinian government, after the country froze the toll prices on two routes of the highway for more than a decade.    

“This extension is an acknowledgment of the pending rebalances,” an Abertis statement said. 

The firm has reached similar investment agreements in exchange for extending the term of the concessions in most of the countries where it operates, such as France, Italy, Brazil, Chile and Puerto Rico.    

Meanwhile, Italian toll road operator Atlantia has launched a formal bid to acquire Spanish Abertis, in a deal that would create one of the world’s largest road infrastructure enterprises.

This page was last updated on:
18 January 2018.


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